Rubinstein takes charge at Palm

Sunnyvale, CA – Jon Rubinstein is to become chairman and CEO of Palm tomorrow, as Ed Colligan steps down after 16 years with the firm.

Former senior Apple exec Rubinstein has been executive chairman, overseeing research development and engineering, since October 2007. He was widely expected to pick up the CEO post, particularly after taking a leading role in the development of the Palm Pre.

He said: “I am very excited about taking on this expanded role at Palm. 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.”

Rubinstein will spearhead Palm’s efforts to overtake Apple in the smartphone market with the Pre, launched last week. He previously headed Apple’s hardware engineering division, working on the iMac and iPod.

Colligan plans to take some time off and then join Elevation Partners, the private equity firm that is Palm’s biggest investor, with a 25 percent stake.