PalmSource Chief Financial Officer Steps Down
PalmSource has announced that Al Wood, chief financial officer and treasurer, has left the Company to pursue other interests. Wood joined PalmSource as its chief financial officer in October 2002.
PalmSource also announced that Ira Cook, vice president of finance, has been appointed principal financial officer while the Company conducts a search for a new CFO. Cook joined PalmSource in 2003 as vice president of finance. From 1989 until 2003, Cook held various senior financial positions at Borland Software Corporation, including worldwide controller and most recently as vice president, tax and treasury. Prior to Borland, Cook spent ten years in public accounting and is a Certified Public Accountant.
"We thank Al for the contributions he has made to PalmSource and wish him well, " said David Nagel, PalmSource’s president and CEO. "He played a key role in our separation from Palm in 2003, as well as in our equity offering earlier this year, which helped strengthen our financial position." Nagel continued, "we believe that Ira’s experience in public accounting, tax and treasury combined with his role in implementing Sarbanes-Oxley Act compliance procedures at PalmSource will make for a smooth transition as we conduct a search for a new CFO."
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