Palm, a leading mobile products company, today announced that its board of directors has appointed Jon Rubinstein, who earlier worked at Apple on the original iPod and at Hewlett-Packard, 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, 52, had joined Palm in the year 2007. He had been at work on Pre for the last two years, the touch-screen gadget rivalling the iPhone, which has been developed to run faster applications and is now on sale.
"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."
Palm's products include Palm, Treo, Pre and Centro phones. Elevation Partners is the company's biggest shareholder, and has invested $425 million in the company.