Courtesy of Palm’s most recent 8-K filing, the general public is being informed that Palm’s former CEO Donna Dubinsky (pictured) is stepping down from the firm’s board. If you’ll recall, Elevation Partners decided that it would fork over another $100 million in order to help Palm stun the world and reinvigorate itself at CES this year, and as part of that agreement, Elevation “has the right to designate an additional director for election to the Company’s Board of Directors.” In light of the board wishing to maintain its current size, Ms. Dubinsky freely offered to resign her spot immediately, and at least officially, her decision was not made due to any disagreement with Palm. We’re also told that Elevation has designated Rajiv Dutta — who retired as President of eBay Marketplaces and Executive VP of eBay last October — for election to the company’s board, and said board is expected to meet shortly to consider both the resignation offer and Mr. Dutta’s appointment.
[Via PalmInfoCenter, image courtesy of NY Times]
Donna Dubinsky steps down from Palm’s board, Rajiv Dutta steps in originally appeared on Engadget Mobile on Wed, 04 Feb 2009 07:12:00 EST. Please see our terms for use of feeds.
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