Eric Benhamou says he is going to resign as chairman of the PalmSource board of directors immediately following the company’s annual stockholders’ meeting on October 28.
Mr. Benhamou was chairman of the board of Palm Inc. at the time it split into palmOne and PalmSource, at which point he became chairman of both companies. Even after resigning from his position at PalmSource, Mr. Benhamou plans to continue to serve as chairman of the board for palmOne.
“PalmSource and palmOne have firmly established themselves as separate, publicly traded companies,” said Mr. Benhamou. “Their relationship has now fully transitioned to the scope and processes appropriate for two independent companies. Their boards, too, must evolve toward greater independence, consistent with prevailing governance practices.”
At this point, PalmSource has not announced who its next chairman will be.
Chahil Leaving PalmSource Board
In addition, Satjiv S. Chahil, Palm Inc.’s former chief marketing officer, will not stand for re-election as a member of the PalmSource board of directors. He cited “other commitments” as his reason for leaving.
However, Mr. Chahil has agreed to assist PalmSource in establishing an advisory board of industry experts and pioneers.