Palm Expands Senior Executive Management Team

Edge: Work-Group Computing Report, March 27, 2000

Palm, Inc. (Nasdaq:PALM), Tuesday announced it has expanded the company's senior executive management team with the appointment of four new officers. The new executives include Satjiv Chahil, chief marketing officer; Barry Cottle, chief operating officer, content and access; William Maggs, chief technology officer; and Doug Solomon, chief strategy officer. Chahil, Cottle, Maggs and Solomon join the team of chief officers already in place, including Carl Yankowski, chief executive officer, Alan Kessler, chief operating officer, platform and products, and Judy Bruner, chief financial officer.

"We're proud to announce the addition of these seasoned business leaders with proven track records in their respective fields," Yankowski said. "Palm now has a solid executive management team with backgrounds from recognized innovators such as Sony, Apple, Inktomi, Disney and IBM."

As chief marketing officer, Satjiv Chahil is responsible for executing a customer-focused marketing and branding strategy within new and existing Palm markets. Chahil joins Palm most recently from the chief marketing officer role at Newbridge Networks. At Sony Electronics, Chahil lead the team that launched Sony's convergence strategy, including notebooks, digital photography and imaging and e-business. Prior to Sony, Chahil spent nine years at Apple Computer, most recently in the position of senior vice president of worldwide marketing. Earlier Chahil spent 14 years at IBM and Xerox PARC.

Palm's chief operating officer for content and access, Barry Cottle is responsible for driving strategic direction of both the Internet content available from Palm handheld computers and the means to access that content, including the Palm.Net service. Cottle joins Palm from nine years at The Walt Disney Company, where he served most recently as senior vice president of marketing of Disney TeleVentures, the division of Disney dedicated to broadband TV and Internet applications and services. Cottle holds an MBA degree from the Kellogg Graduate School of Management.

As chief operating officer, platform and products, Kessler is chartered with extending Palm's leadership in the worldwide handheld computing market. Kessler held the position of president at Palm from June 1999, until Yankowski joined the company as CEO in December. Kessler was then named to his current position as COO, platform and products.

William Maggs, chief technology officer, will lead a vision for Palm's future technology developments in line with the Palm design philosophy, as well as serve as a vocal industry visionary. Maggs joins most recently from the position of chief network officer at Inktomi Corporation, where he led development of all network technology products and Internet content delivery systems. Previously, he was a senior Internet architect for MCI Worldcom. Maggs serves on numerous standards organizations, including the Internet Engineers Task Force (IETF) and the U.S. Department of Energy's next-generation Internet initiative. He holds masters degrees in engineering from Rochester Polytechnic Institute and in finance and economics from Johns Hopkins University.

As chief strategy officer, Doug Solomon will drive an integrated corporate strategy aimed at leveraging market opportunities and meeting customer needs. He will also head Palm's mergers and acquisitions and venture investment efforts. Most recently, Solomon was co-president of Interval Research Corporation, a laboratory and new business incubator, part of Paul Allen's portfolio of companies. Previously, he was at Apple Computer for 15 years, most recently as senior vice president of corporate development, where he led strategic alliances, mergers and acquisitions and spearheaded partnerships with major industry players including IBM, AT&T and others.

Palm, Inc. is the leading provider of handheld computing devices (IDC, May 1999), including the Palm III, Palm V and Palm VII series of handheld computers. The Palm OS platform is the foundation for the market-leading handheld computers from the company as well as products from its strategic partners such as IBM, QUALCOMM, Franklin Covey, Handspring, TRG and Symbol Technologies. Designed to support the increasingly mobile and geographically dispersed nature of information management, the company's handheld solutions allow people to carry their most critical information in their pockets. For more information, visit www.palm.com.