Palm Appoints New CEO for New Era

June 12th, 2009

As the consumer market continues to rave about the new Palm Pre, the financial markets are reacting positively to another Palm bombshell: a new CEO.On Wednesday, Palm appointed Jon Rubinstein, 52, as its new CEO. Ed Colligan, 48, who served as Palm’s chief since 2005, is stepping down. Colligan served in leadership positions at Palm for 16 years.

Colligan plans to take some time off, then join Elevation Partners, a newly formed private equity firm that makes large-scale investments in market leading media, entertainment and consumer-related businesses.

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