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Palm CEO Carl Yankowski Resigns

Thu Nov 8, 2001 - 5:32 PM EST - By Marcus Adolfsson

Palm today announced that Carl Yankowski has decided to resign as chief executive officer. Eric Benhamou, Palm chairman of the board, will serve in his place until a permanent successor is named.

A search has begun for a new CEO of Palm, Inc. The company also announced that it is in the final stages of its internal separation into two businesses.

"We thank Carl for his industry vision, for keeping Palm handhelds and the Palm OS the most popular choice among individuals and businesses around the world, and for setting the stage for future new OS and solutions growth," said Benhamou. "We wish him success in his future endeavors."

"With Palm's transition into two individual businesses almost complete, my role has changed, and it no longer matches my aspirations," Yankowski said. "I leave confident that our separation and solutions strategies, combined with the new leadership at the helm of both businesses, will result in increased shareholder value. It has been an honor to lead Palm."

Yankowski did not announce his future plans.

Benhamou will chair an Executive Council that will help him lead the company until a new CEO is named. The council comprises David Nagel, Platform Solutions Group chief executive officer; Todd Bradley, Palm executive vice president and chief operating officer of the Solutions Group; and Judy Bruner, Palm senior vice president and chief financial officer.


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