Palm chief executive officer Carl Yankowski has resigned, citing an unwanted change in his role as the main reason for his departure.
"With Palm's transition into two individual businesses almost complete, my role has changed and it no longer matches my aspirations," Yankowski said.
On July 27, 2001 Palm announced plans to separate its platform business from its hardware solutions business. Under the new structure, the Platform Solutions Group would operate independently but would continue to leverage Palm's infrastructure and staff services. The company has announced it is in the final stages of its internal separation into two businesses.
While Yankowski has not announced his future plans, he is proud of his leadership at Palm.
"I leave confident that our separation and solutions strategies, combined with the new leadership at the helm of both businesses, will result in increased shareholder value. It has been an honour to lead Palm," said Yankowski.
Palm said the search for a new CEO has begun but in the interim Eric Benhamou, Palm chairman of the board, will serve in his place until a permanent successor is named.