Rubinstein to Lead Palm, Colligan Steps Down

Palm announced today that CEO Ed Colligan is stepping down from his CEO role and will be leaving Palm. Mr. Colligan has worked at Palm for 16 years. Taking over for Mr. Colligan is Jon Rubinsein, who joined Palm in October of 2007 to help reinvigorate the company.

“I am very excited about taking on this expanded role at Palm,” said Rubinstein. “Ed and I have worked very hard together the past two years, and I’m grateful to him for everything he’s done to help set the company up for success. With Palm webOS we have ten-plus years of innovation ahead of us, and the Palm Pre is already one of the year’s hottest new products. Due in no small part to Ed’s courageous leadership, we’re in great shape to get Palm back to continuous growth, and we plan to keep the trajectory going upward.”

“I’m very proud of what Palm has accomplished so far,” said Colligan. “We pioneered two major product categories and I believe we are on our way to defining the standard for the mobile web. I’m extremely proud of our team, and grateful to have played a role in turning Palm around. I know that Jon, the Board and the Palm executive team will do an incredible job driving Palm to new heights.”

Mr. Rubinstein takes over as Chairman and CEO of Palm on June 12, 2009.

The full press release can be read on the Palm website.