Palm Names Douglas Jeffries as CFO

Palm, Inc. today announced that Douglas C. Jeffries, previously chief accounting officer at eBay, will join Palm in January 2009 as the Company's new Chief Financial Officer. Andy Brown will transition out of the CFO role and stay with the company through January.

"I am delighted to welcome Doug Jeffries to the Palm team. His extensive financial, operational and strategic experience will contribute enormously to Palm's future success. I look forward to partnering with Doug as we lead Palm to new levels of achievement in the years ahead," said Ed Colligan, president and chief executive officer. "I also want to personally thank Andy for the way he has guided Palm's finance organization and all that he has accomplished over the past four years. Andy was instrumental in our recent recapitalization and has been a key part of Palm's transformation."

Andrew Brown was first named CFO of Palm back in December 2004, when Todd Bradley was still running under the palmOne brand.

Brown stated, "My experience at Palm has been exciting and fulfilling, but the time is right for me to pursue other interests. Palm's finance organization is well-positioned to support the company's strategic and financial objectives, and I am leaving the many responsibilities of the CFO role in exceptionally capable hands."

Doug Jeffries will assume the role of Palm's senior vice president and chief financial officer effective January 7. In addition to his role as chief accounting officer at eBay, Jeffries has held financial and information technology leadership roles at GenCorp, Red Herring Communications and Cardinal Health. Jeffries began his career at Price Waterhouse, is a CPA and holds an MBA from the University of Southern California.

Jeffries stated, "It's a great pleasure to join the Palm team and I'm thrilled with the prospect of helping to lead the company forward. As we complete the company's transformation and establish Palm as a leading innovator in the smartphone industry, we will continue to focus aggressively on financial discipline and shareholder value."

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This is a shocker

SeldomVisitor @ 12/15/2008 2:04:01 PM # Q
Let me say that again.

This is significant, nonpositive, news.

Marc Blank (Chatteremail) is no longer working for Palm, either
Gazpacho @ 12/15/2008 2:14:43 PM # Q
[quote]As of December 14, 2008, neither Josh nor I are affiliated with Palm, Inc.; therefore, neither of us will be monitoring this board or handling support at the address. What's more, we are not privy to any plans that Palm might have for supporting new and existing customers.

Marc & Josh

Wait. Why. Is. Everybody. Leaving?

FoleoCentral is the news, opinions & review blog about the Palm Foleo Mobile Companion

I mean...
Gazpacho @ 12/15/2008 2:15:48 PM # Q
You don't leave when a great party's about to start, right?

FoleoCentral is the news, opinions & review blog about the Palm Foleo Mobile Companion
RE: This is a shocker
RussianGuy @ 12/15/2008 3:03:46 PM # Q
CFO is probably ousted for getting company's cash into the subprime mess. Why Marc is out is less clear - let's hope he will be able to explain later...
RE: This is a shocker
SeldomVisitor @ 12/15/2008 3:10:57 PM # Q
> ...let's hope he will be able to explain later..

He says he's looking at Android...

RE: This is a shocker
PacManFoo @ 12/15/2008 3:55:38 PM # Q
Can't wait to hear this story!

The last known classic PDA user.
RE: This is a shocker
Rastick @ 12/15/2008 10:44:30 PM # Q
I hear Paul Mercer too. The timing for all three does seem related to the December layoffs at Palm.
RE: This is a shocker
mikecane @ 12/16/2008 5:34:25 AM # Q
Paul Mercer too? Well, that better mean the UI is complete!

RE: This is a shocker
SeldomVisitor @ 12/16/2008 5:42:30 AM # Q
> ...Well, that better mean the UI is complete!


Maybe Palm quietly adopted Android.

RE: This is a shocker
chatter @ 12/16/2008 9:35:37 PM # Q
Paul and I left for different reasons, and quite a while before the recent layoffs.


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Reuters says the new CFO was a CFO for 6 weeks and...

SeldomVisitor @ 12/15/2008 3:18:04 PM # Q
...that was in July 2007. Some unrevealed time prior to that he was CAO of Ebay.

It didn't say what he's been doing for the last year and a half.

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