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Colligan out, Rubinstein in as Palm CEO

Despite being the man who led the charge of the Pre and webOS after a 9 year tenure at Apple, it still came as a bit of a surprise when Palm announced that Jon Rubinstein will be assuming the role as CEO starting tomorrow. After everything Palm has been through, now is when it makes a major change at the top? Taking over the position that has been held by Ed Colligan for the past sixteen years, Rubinstein will be entrusted with ensuring the company stays on the straight and narrow as it attempts to re-establish itself as a major player in the smartphone market. As for Colligan, he will join Roger McNamee at Elevation Partners, a major financial backer of Palm, after a much needed hiatus.