Colligan Out, Rubinstein In As Palm CEO….. Did I Miss A Memo?

Hot on the heels of the release of the Palm Pre, comes the news that there’s been a change at the top of the Palm food chain:

Palm, Inc. (Nasdaq: PALM) today announced that its board of directors has appointed Jon Rubinstein to lead the company as Chairman and CEO upon the departure of Ed Colligan, who is stepping down after sixteen years of leadership at the company. Rubinstein, who joined Palm as Executive Chairman in October 2007 to help bring innovation back to the company, assumes his role as CEO on June 12. Colligan plans to take some time off, then join Elevation Partners.

You have to wonder why this is happening now. Is Colligan leaving for personal reasons? Is the Elevation Partners (who are major investors in Palm) opportunity a much better one than being CEO at Palm? Did the board want a change? It’s hard to tell from a three paragraph press release.

Any guesses?

In any case, ex-Apple employee Rubinstein is widely credited with delivering the iMac and then the iPod and both were helped along by the return to Apple of the holy one Steve Jobs which helped bring Apple back from the dead. So perhaps Palm has a CEO who can take them to the next level. If so, then the Palm Pre will be his first litmus test.

Leave a Reply

%d bloggers like this: