RIM Leaning Towards New Chairman
Research In Motion has been under extreme pressure from its shareholders to shake things up from top of the latter on down. While we've seen a couple of different Senior VPs step down in the last few months,
the two headed co-CEO tandem of Mike Lazaridis and Jim Balsielle has up until this point been left untouched.
Back in July, 2011, RIM said in a statement it would form a committee to investigate how the structure of the company could possibly be changed in order to improve it. Today, the Financial Post is reporting that this shake up will indeed happen and that Barbara Stymiest (pictured above) is the leading candidate to be appointed lead chair of RIM's board. According to their sources, the investigation is still under review and the company could opt to go a number of different ways but Stymiest is being considered the top choice due to her background work as COO of Royal Bank of Canada and later head of the TSX Group Inc.
The decision and outcome of the evaluation process will be announced by the company's independent directors recommendation report on January 31st of this year. With news of this possible structural change for RIM, their stocks have risen 8% this morning to $15.67.