RIM Co-CEO’s step down in corporate reshuffle
Very rarely do you come across a company with not one, but two CEO’s. Research in Motion, the makers of the BlackBerry is one such company. In a turbulent couple of years, the company has come under heavy scrutiny from investors and customers alike, many calling for the blood of Jim Balsillie and Mike Lazaridis. The Wall Street Journal is reporting that the two CEO’s are stepping down from their duties as of today and being replaced by current COO Thorsten Heins. Jim and Mike will continue on the board but in a non-operational role according to WSJ.
RIM is currently in a state of flux, having witnessed poor PlayBook sales and a rapidly declining market share even in the corporate sector — a section of the market RIM had dominated for years. RIM is currently hard at work in bringing BlackBerry 10 to market. BB10 is a new QNX based OS which will compete more directly with iOS and Android. Reports also suggest that RIM might be willing to license BB10 to other manufacturers. Any takers?