Smartphone manufacturer Palm has named former Apple executive Jon Rubinstein as its new chairman and chief executive.
It follows the launch of the Palm Pre device (pictured) that the company is relying on to turn its fortunes around, as revenues dropped 70 per cent year on year last quarter.
Rubinstein is said to have been “instrumental” in developing Apple’s iPod.
He takes over tomorrow from Ed Colligan, who has been Palm’s chief executive since 2005.
He plans to join Palm’s biggest investor, private-equity firm Elevation Partners.
Rubinstein is currently executive chairman of Palm and was originally hired to focus on “driving innovation in mobile products”. He has played a central role in developing the Palm Pre, the company’s newest smartphone, which began selling in the US last Saturday.
Analysts have estimated the device has sold up to 100,000 units already.
It feature’s Palm’s new mobile operating system, webOS. It is scheduled for UK release towards the end of this year.