Palm Pre Innovator Jon Rubinstein to Lead Palm

Palm, announced that its board of directors
has appointed Jon Rubinstein to lead the company as Chairman and CEO
upon the departure of Ed Colligan. Jon Rubinstein lead the development of the Palm Pre.

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 is stepping down after sixteen
years of leadership at the company and plans to take some
time off, then join Elevation Partners.

"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."