RIM's Co-CEOs To Step Down
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Thread: RIM's Co-CEOs To Step Down

  1. #1
    robyntheginger is offline BlackBerryOS Inspired
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    RIM's Co-CEOs To Step Down



    Once a company with a net worth of $80 billion, RIM has begun to enact changes to hopefully overcome the obstacles of the changing smartphone device world. For decades, RIM has been the market leader and since the release of Apple and Android products, consumer demands have gradually changed. BlackBerry used to be widely demanded by bankers, lawyers and politicians for their reliability, but since companies have begun to allow use of other products as well as consumers' preferences being different from what they were in the 80's, sales have reached a painful low, resulting in RIM's current worth of $5.17 billion.

    Announced today, Co-Chief Executive Officers Jim Balsillie and Mike Lazaridis will be replaced by Thorsten Heins, chief operating officer who joined RIM four years ago. The men will also lose standings as co-chairman, and that seat will be taken by Barbara Stymiest. Both men have said that their stepping down as not because of pressure from the public and other RIM employees, but to do what was best for the future of the company. Lazaridis was quoted in an interview saying,
    "This marks the beginning of a new era for RIM ... It was a bit of a bumpy ride. We've done it as best we could. Thorsten is the ideal choice. He has the right skills at the right time."
    Both men will continue to have ownership of 5% of the company, as well as working along side the new CEO and Chairwoman.

    Hopefully this is the change that RIM and BlackBerry need to get back at the top of this continuously changing consumer market. For now, BlackBerry users and investors will have to wait and see if fresh blood is what the company needed to strengthen, regrow, and become a real competitor for Apple and Android.
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  2. #2
    grimreaper's Avatar
    grimreaper is offline BlackBerryOS Champion
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    This is huge news, let's hope that this change will start a new direction in RIM's future.

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    ghostryder's Avatar
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    As
    Lazaridis
    stated,
    "This marks the beginning of a new era for RIM ... It was a bit of a bumpy ride. We've done it as best we could. Thorsten is the ideal choice. He has the right skills at the right time."

    Hopefully this will usher in the changes needed to put RIM back on top. It will be a tough road to travel with Apple and Android taking up most of the path.

    “Great minds discuss ideas. Average minds discuss events. Small minds discuss people.”
    Eleanor Roosevelt

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    Tersammy is offline BlackBerryOS Inspired
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    Like many people I, too, have said that new blood was needed at Rim. It will take some time, maybe many months, but hopefully this is the beginning of Rim's turnaround. All I can say is its long overdue.

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    grimreaper's Avatar
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    Quote Originally Posted by Tersammy View Post
    Like many people I, too, have said that new blood was needed at Rim. It will take some time, maybe many months, but hopefully this is the beginning of Rim's turnaround. All I can say is its long overdue.
    I completely agree Tersammy.

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    DownForce's Avatar
    DownForce is offline BlackBerryOS Inspired
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    I agree with the critics. They shoulda got their new CEO from outside of the company.

  7. #7
    Joe Jerde's Avatar
    Joe Jerde is offline Owner | Editor-In-Chief Follow Joe Jerde On Twitter Add Joe Jerde on Facebook Add Joe Jerde on Google+ Add Joe Jerde on Linkedin Visit Joe Jerde's Youtube Channel
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    Quote Originally Posted by DownForce View Post
    I agree with the critics. They shoulda got their new CEO from outside of the company.
    This may not have too much of an effect given that the average user won't even realize that he was a prior RIM employee.

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    ghostryder's Avatar
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    Quote Originally Posted by Joe Jerde View Post
    This may not have too much of an effect given that the average user won't even realize that he was a prior RIM employee.
    I agree with Joe, most likely there's 90% of people have no idea that RIM had two CEOs, that they stepped down and that there is even a new CEO. They only know that all of a sudden, their blackberry devices don't work like they did when they were new.
    “Great minds discuss ideas. Average minds discuss events. Small minds discuss people.”
    Eleanor Roosevelt

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    DownForce's Avatar
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    Wasn't thinking for public perception's sake. Was more thinking that it may be good to bring someone from the outside so that it is a fresh pair of eyes looking at the whole picture. It also would ensure that a boy's club (if one exists and I certainly wouldn't be surprised if it did) wouldn't affect any decisions that have to be made going forward. There could be some pretty strong personal loyalties that exists between Heins and Balsillie/Lazaridis.
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  10. #10
    Joe Jerde's Avatar
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    Quote Originally Posted by DownForce View Post
    Wasn't thinking for public perception's sake. Was more thinking that it may be good to bring someone from the outside so that it is a fresh pair of eyes looking at the whole picture. It also would ensure that a boy's club (if one exists and I certainly wouldn't be surprised if it did) wouldn't affect any decisions that have to be made going forward. There could be some pretty strong personal loyalties that exists between Heins and Balsillie/Lazaridis.
    For sure, I agree with that.

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