Palm Announces Board Changes
Palm has filled a regulatory statement with the SEC that reveals a few upcoming changes on Palm's sitting board of directors. Palm says that Scott Mercer has decided to remain on the board following the closing of the recapitalization transaction with Elevation Partners. Originally Mercer intended to resign along with current chair, Eric Benhamou, following the close of the deal.
Current member Bruce Dunlevie has announced his intention to resign at the close of the Elevation deal. Mr. Dunlevie had served as a director of Handspring since October 1998 and is a Managing Member of Benchmark Capital. Dunlevie also serves on the board of Numenta, Jeff Hawkins' brain theory technology company.
Palm says that the departures of Mr. Benhamou and Mr. Dunlevie will enable Fred Anderson and Roger McNamee, managing directors and co-founders of Elevation Partners, and Jonathan Rubinstein to join the board of directors upon the closing of the transaction.