Palm has announced that Jon Rubinstein, the Executive Chairman of the company and former Apple Executive who ran the iPod division would be appointed as the CEO of Palm.
Rubinstein would take over from Ed Colligan, who is the current CEO of Palm. He is stepping down after sixteen years of stay with the company.
Rubinstein, who joined Palm as Executive Chairman in October 2007 is expected to assume his role as CEO on June 12, 2009.
Rubinstein said: I am very excited about taking on this expanded role at Palm. 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.
Palm said that Colligan would take off some time and then join California-based Elevation Partners, a private equity firm that took a major stake in Palm two years ago.
