Palm, Inc. on Wednesday announced the appointment of Jon Rubinstein as the company’s Chairman and CEO.

Previous Chairman and CEO, Ed Colligan, is stepping down following sixteen years of leadership at the company.

Rubinstein joined Palm in October 2007 as Executive chairman will take up his new role on June 12.

“I am very excited about taking on this expanded role at Palm,” said Rubinstein.

“Ed and I have worked very hard together the past two years, and I’m grateful to him for everything he’s done to help set the company up for success”, he added.