PalmSource CEO Calls it Quits

PalmSource CEO David Nagel has resigned from the company despite the launch of their new LifeDrive product.

“Nagel has been CEO of the company since December 2001. PalmSource develops the Palm OS for mobile devices and spun off from Palm. Inc. in 2003 at about the same time as palmOne spun off. WhilePalmSource develops the Palm OS, palmOne develops mobile devices such as the Treo smartphone and the recently-released LifeDrive PDA.

No reason was given for the resignation, although the company said in a statement that Nagel will serve in an advisory capacity until mid-June. He will be temporarily replaced by Patrick McVeigh, who is currently PalmSource’s senior vice president for worldwide licensing while the company’s board initiates a search for a permanent replacement. “

Read more at informationWeek

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