
Mike Lazaridis and Jim Balsillie have stepped down as co-CEOs of Research In Motion and Thorsten Heins has been named the new CEO.
While we are happy to see a potential change in attitude at the top RIM’s corporate ladder, myself and obviously investors think this is too small of a change. As of writing, RIM shares are down by about nine percent in North America at $15.52.
Not the best way to start off as a new CEO, but only time will tell if this is the right choice. Hopefully Heins makes a very bold move soon and states major changes coming and shows us all a very solid and firm attitude to changing the downward spiral of RiM. Without a move like that I think we are all going to say “New CEO, Old RIM, No Change.”
Following is the press release provided by RIM:
Waterloo, ON – The Board of Directors of BlackBerry maker Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM) today announced that, acting on the recommendation of its Co-Chief Executive Officers to implement the succession plan they previously submitted to the Board, it has unanimously named Thorsten Heins as President and Chief Executive Officer. Mr. Heins was also appointed to RIM’s Board. The Board acted after conducting its own due diligence. Both appointments are effective immediately.
Mike Lazaridis, former Co-Chair and Co-CEO, has become Vice Chair of RIM’s Board and Chair of the Board’s new Innovation Committee. As Vice Chair, he will work closely with Mr. Heins to offer strategic counsel, provide a smooth transition and continue to promote the BlackBerry brand worldwide.
Mr. Heins said he looks forward to continuing to work with Mr. Lazaridis, globally recognized as a technology pioneer. He said, “Mike created a whole new way of communicating and I look forward to continuing our close collaboration.” Read more
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