palmOne announces CEO resignation

palmOne, Inc. has announced that its chief executive officer (CEO) , Todd Bradley, has resigned, effective at the end of the quarter. Bradley will remain with the company in an advisory role through May, the end of the fiscal year, to ensure a smooth transition. Ed Colligan, the company's president, will assume the role of interim CEO while a search is conducted for Bradley's permanent replacement. Colligan is a candidate for the permanent position.

Eric Benhamou, palmOne chairman of the board of directors, thanked Bradley for his contributions, which include the introduction of new handheld-computing products and driving the acquisition and integration of smartphone maker Handspring, Inc.

palmOne President Ed Colligan, 43, will assume the chief executive officer role on an interim basis at the beginning of the company's fourth fiscal quarter. Colligan has had a broad array of marketing, sales, product-development and general-management experience through his 20 years in the technology business.

Bradley, 46, will remain as chief executive officer until the current fiscal quarter ends 25 February, and he will remain in an advisory role with the company through the fiscal year end. He joined Palm, Inc. in June 2001 as chief operating officer of Palm Solutions Group and was promoted to president of Palm Solutions Group in May 2002. He became president and chief executive officer of palmOne, Inc. in October 2003 when Palm, Inc. spun off PalmSource, the operating-system business, and acquired Handspring, Inc.

Colligan, formerly president and chief operating officer of Handspring, Inc., joined palmOne, Inc. as senior vice president and general manager of the Wireless Business Unit in October 2003 upon the acquisition of Handspring. He was named president in June 2004.