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  1. #1
    AgentBlackBerry's Avatar
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    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.
    Last edited by AgentBlackBerry; 01-03-2012 at 11:11 AM.



  2. #2
    robyntheginger is offline BlackBerryOS Inspired
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    I think you mean chairwoman!

  3. #3
    AgentBlackBerry's Avatar
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    AHH you're right... Changing it now lol



  4. #4
    ice2921's Avatar
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    I hate to say it, but it may be time for a change. The pressure is getting to the point where something has to be done. RIM cannot afford to have a year like last year. I think this is a smart move as it seems like these are not open to suggestions.

  5. #5
    AgentBlackBerry's Avatar
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    The only issue I would have with this is the fact that she's been on the board since 2007, aka she was there throughout RIM's collapse so I'm not sure if SHE is the right choice for the job. That being said, I'm pretty sure you could put a monkey as the head chair and people would be happier than they are right now



  6. #6
    DonMariano is offline BlackBerryOS Friend
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    A Bit Harsh.

    I agree that any change at the head of RIMs board at this time will be seen as positive AgentBlackBerry, but I think that to assume Barbara Stymiest may not be the best choice just because she was around during the collaps is a bit harsh. We don't know what pressure the two CEOs may have put on the board members in order to maintain loyalty and keep their leadership positions.

  7. #7
    AgentBlackBerry's Avatar
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    That's extremely true DonMariano and all that happened behind closed doors. Nevertheless, I do think once of the things RIM is lacking as a whole is an outsiders perspective. Someone to come from the outside to fix the issue like they did when they hired Alec Saunders to replace Mike Kirkup. While I obviously hope I'm wrong, I do think it would be a better option to get an outsider that wasn't around for this whole debacle to be the chair of the board

  8. #8
    DonMariano is offline BlackBerryOS Friend
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    Point Taken

    Point taken AgentBlackBerry, a fresh face with no historical ties may be just the thing to turn around RIMs fortunes.

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