RIM co-CEOs step down, one co-COO steps up, no change in strategy

RIM co-CEOs step down, one co-COO steps up, no change in strategy
It was pretty much inevitable and we knew it would happen soon, and now it has: RIM's co-CEOs Jim Balsillie and Mike Lazaridis have stepped down from their positions, and one of RIM's co-COOs, Thorsten Heins, has stepped up to take over in the CEO role. Of course, this change doesn't necessarily mean we should expect a change in RIM's strategy.

In addition to the shakeup in the CEO position, board member Barbara Stymiest, who had been seen as a lock to take over the CEO position, has taken over the chair of the board. Jim Balsillie and Mike Lazaridis will both retain significant shares in the company, and possibly worse (depending on how you view their careers with RIM) both will remain on the board, with Lazaridis actually taking over as vice-chairman.

Thorsten Heins worked at Siemens for 20 years before joining RIM in 2007. RIM said that the company's strategy will remain unchanged and that it will still be pushing BlackBerry 10 this year. But, Heins has thrown a wrinkle into that process with a hint that the company may be looking into licensing the BlackBerry 10 operating system if it is successful. Of course, finding that success still looks like a struggle for RIM, given that it has had to cut the number of BB10 devices slated for release.

source: The Verge



1. ecloguey

Posts: 7; Member since: Jan 17, 2012

If Blackberry 10 is good enough to battle the OS kings, RIM would have a chance..!!!

2. BattleBrat

Posts: 1476; Member since: Oct 26, 2011

Strategy? CRASH AND BURN BABY!!! J/K I'll play with BB 10 and take it from there..

3. snowgator

Posts: 3624; Member since: Jan 19, 2011

This will be the tipping point. The inability to for RIM to compete at the level they have in the past will only get worse if they do not reinvent themselves. They do not have to give up who they are, just the way they approach business. They can do it, especially with as many loyal fans they still have. But, boy is it an uphill fight.

4. lubba

Posts: 1313; Member since: Jan 17, 2011

How many platforms does the world need?

5. oueighteen95

Posts: 26; Member since: Dec 20, 2011

Give it up guys, lets someone buy you and take the nice parting gifts and go work for someone else.

6. TKFox007

Posts: 303; Member since: Nov 02, 2010

What's their strategy? Sell of all their shares while they run the company into the ground until it's cheap enough to be bought be some other company?

7. bvalde09

Posts: 191; Member since: Nov 22, 2011

Mmmm this might be a good idea.. Looking at the pattern RIm stocks raise last week due to rumors that samsung will be buying them (not True btw). With this kind of strategy they could win some time and get the shareholder to invest more so they could start the way up. I dont know if it will work but RIM still have ways out of the situation they are right now. I hope they put some tech behind the phones as they are last OS among windows IOS and Android

8. Sniggly

Posts: 7305; Member since: Dec 05, 2009

Huh. It finally happened. They were probably asked to step down. Now let's see if BB10's release schedule can get pushed up.

12. remixfa

Posts: 14605; Member since: Dec 19, 2008

its going to take more than removing the 2 juggling clowns to get the company moving well again, but at least they got the first road block out of the way.

9. iDroidx650

Posts: 83; Member since: May 26, 2010

RIM is gone. Q3 for BB10 devices is ridiculous. iPhone 5, ICS Devices and WP8 sound a lot better.

10. Netolic

Posts: 152; Member since: Oct 18, 2011

2012 will be the last year that you will hear the word "blackberry mobile"

11. henrickrw

Posts: 408; Member since: Sep 16, 2011

Guys. Don´t you understand? RIM is cool for corporate. I just bought a 64GB Playbook for 299 from their online store & this tablet is ok for me... Also the company I works for bought me a 9900 for corporate use... I have my Galaxy S2 I9100, but the Playbook/9900 Combo is very classy... I´m an Android Fanboy, but I have to admit that QNX is smooth & sweet.

13. InspectorGadget80 unregistered

New CEO means no change for RIM they need too seriously change their hard ware if they want too keep up with today tech.

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