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01-22-2012, 06:36 PM
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#1 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,560
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| RIM's Balsillie, Lazaridis resign
It's been a long time in the works but finally here... RIM's Balsillie, Lazaridis resign - Business - CBC News Quote:
Mike Lazaridis and Jim Balsillie, the co-chief executives of Research In Motion Ltd., have stepped down as heads of the Waterloo, Ont.-based technology company.
According to a news release issued Sunday, RIM's board of directors unanimously named former chief operating officer Thorsten Heins as president and CEO on the advice of Balsillie and Lazaridis.
"There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership," Lazaridis said. "Jim and I went to the board and told them that we thought that time was now."
RIM has faced intense pressure from shareholders for months to change its management structure amid concerns the company is unable to compete with rivals Apple Inc. and Google Inc.
The company, maker of the Blackberry series of smartphones and tablets, was the most valuable company in Canada as recently as 2008, but after a series of missteps the company has seen its share of the smartphone market dwindle.
The company took a big slide in 2011, dropping behind its peers in the lightning-paced smartphone market, suffering through the worst service outage in its history and losing tens of billions of dollars in market value.
According to the company, Lazaridis is now the vice-chair of the company's board of directors as well as chair of its new innovation committee.
Balsillie will remain a member of RIM's board of directors.
"I agree this is the right time to pass the baton to new leadership, and I have complete confidence in Thorsten, the management team and the company," Balsillie said. "I remain a significant shareholder and a director and, of course, they will have my full support."
Heins joined RIM in December 2007 as a senior vice-president and was appointed chief operating officer for product and sales in August 2011.
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I'm old now - boring street cars and sweet race cars. | 
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01-22-2012, 07:52 PM
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#2 | | Diagonally parked in a parallel universe
Join Date: Apr 2011 Location: Vancouver
Posts: 1,414
Thanked 710 Times in 343 Posts
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They had a good run, especially during the 8520s 8900s 9000's and 9700's and those tours.
I hope RIM can turn it around though. I can't move to other phones because of this keyboard
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01-22-2012, 08:15 PM
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#3 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
Thanked 2,066 Times in 865 Posts
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should've happened when iphone 3gs came out.
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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01-22-2012, 08:17 PM
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#4 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,603
Thanked 2,752 Times in 1,182 Posts
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Too little... probably too late as well.
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Nothing for now
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01-22-2012, 09:02 PM
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#5 | | Banned By Establishment
Join Date: Sep 2011 Location: Vancouver
Posts: 600
Thanked 1,669 Times in 147 Posts
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they do this now when their new OS on the new torch/touch is complete crap? I said it before and will say it again, RIM dun goofed. It is 2012 boys, it is all about the software.
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