PalmOne chief quits
Colligan to bridge the gap
PalmOne's CEO Todd Bradley has resigned, the company announced today, with Palm veteran and former Handspring marketing boss Ed Colligan filling the gap. Colligan will perform the role of interim CEO from February 25. The board said that Bradley will remain as an advisor after seeing the current quarter through.
"We respect Todd's desire to move upon completion of this key milestone, and appreciate his willingness to support the company through the transition to its next CEO," said palmOne chairman Eric Benhamou.
Bradley oversaw the acquisition of Handspring, the breakaway company that Palm founders Jeff Hawkins, Donna Dubinsky and Ed Colligan founded when they got fed up waiting for 3Com's permission to take Palm public.
palmOne has endured a torrid time with its flagship, top margin smartphone the Treo 650 missing the Christmas shopping season. However, palmOne was able to capitalize on rivals Toshiba and Sharp withdrawing from the US market, and kept the product line fresh. As a result, the pre-Christmas quarter saw the company comfortably in the black, with sequential growth up 37 per cent. ®
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