wordpress blog stats
Connect with us

Hi, what are you looking for?

RIM CEOs Step Down; Thorsten Heins To Take Charge

BlackBerry maker Research In Motion (RIM) has announced that its two CEOs Mike Lazaridis and Jim Balsillie have stepped down from their respective positions, and the Board of Directors has appointed Thorsten Heins as President and Chief Executive Officer of the company. The company in a statement said that the Board acted upon the recommendation of its Co-Chief Executive Officers to implement the succession plan they previously submitted to the Board, and made the decision. Lazardis has now become the Vice Chair of RIM’s Board, and Chair of the Board’s new Innovation Committee, Balsillie will continue to remain a Board member. Barbara Stymiest, who formerly served as a member of Royal Bank of Canada’s Group Executive and has been a member of RIM’s Board since 2007, has been named the independent Board Chair. Lazardis, according to the statement, will work closely with Heins to offer strategic counsel, provide a smooth transition and continue to promote the BlackBerry brand worldwide. He said that he moved from Co-Chair to Vice Chair of the Board in order to return the public’s focus to the company and its products, indicating the ongoing sentiment among analysts and shareholders, which was in favour of a leadership change and a shift in strategy. So in a way, Lazardis seems to be trying to dispel rumours that the Board forced the CEOs to step down, and that he still has control and is also a significant shareholder. Heins joined RIM from Siemens Communications Group in December 2007 as Senior Vice President for Hardware Engineering and became Chief…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The service from the tie-up will initally be launched at Bengaluru, Bhubaneswar, Vijayawada and Visakhapatnam railway stations

News

The Minister's response came after an X user posted answers generated by Gemini regarding Prime Minister Narendra Modi.

News

Vaishnaw said that in the next five years, there will be significant disruptions in the way telecom technology operates.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ