PalmOne CEO to Step Down
PalmOne announced on Monday that CEO Todd Bradley will step down, a move being seen as further evidence of the company's reinvention.
Bradley, a former Gateway executive who joined Palm in June 2001, will step down Feb. 25 and serve as an adviser to the company through May. PalmOne President Ed Colligan will take on the role of interim CEO while the company conducts a search for a permanent head.
"Todd was an operations guy...PalmOne needs fresh leadership with the right vision to lead PalmOne into the wireless future," said Pablo Perez-Fernandez, a research analyst at Stanford Financial Group. "Colligan is considered to be very knowledgeable about wireless."
Bradley joined Palm when it was struggling with a glut of products and was credited with helping steady the company. However, analysts said new leadership might be needed as the company increasingly focuses on its Treo line of advanced cell phones.