PalmSource CEO Resigns

BY: Ed Hardy, Brighthand.com Editor
PUBLISHED: 5/23/2005

On the eve of its annual developers conference, PalmSource has announced that its CEO, David Nagel, has resigned. No reason was given.

The resignation took effect yesterday, but Nagel will continue to act as an advisor to the company until mid-July.

"I want to thank Dave for playing an instrumental role in helping position PalmSource to be a major player in the worldwide mobile software market," said Jean-Louis Gassee, chairman of the PalmSource board of directors. "We appreciate that Dave is staying on to ensure a smooth transition and wish him the best in his future ventures."

Nagel previously served as a member of the board of directors of Palm, Inc. and was named CEO and elected to the board of directors of PalmSource in December 2001.

When PalmSource spun off from Palm in October 2003, Nagel continued in the role as CEO.

He also served as president and director of the company.

Nagel has not announced what his plans are now.

The Interim CEO

The board of directors has initiated a search for a permanent successor. In the meantime, Patrick McVeigh, who is currently PalmSource's senior vice president for worldwide licensing, has been named interim CEO.

McVeigh has more than 20 years experience in the high technology and consumer electronics industry.

He is the former CEO of Aliph Corporation, a developer of next- generation audio and speech technologies for mobile communications devices.

Prior to Aliph, he was chairman and CEO of Omnisky Corporation until selling the business to Earthlink.

McVeigh was also with the former Palm, Inc. where he was responsible for worldwide sales of all Palm products as well as international marketing and operations.

Before joining Palm, McVeigh spent over 10 years with Apple Computer in a variety of sales and marketing positions.