RIM’s Co-CEO’s Step DownPosted by Mike Yawney on January 23rd, 2012 View Comments
Longtime Co-CEO’s of Research in Motion Jim Balsillie and Mike Lazaridis say it’s time to pass the baton, ushering a new face into the spotlight. Thorsten Heins, the company’s COO, has officially taken the reigns of the struggling company.
The change in leadership is effective immediately.
Thorsten told investors his first priority is to assign a new head to the company’s marketing unit, but he maintains drastic change isn’t needed for the company to revive itself.
RIM lost millions of dollars in revenue this past year due to the lack-lustre sales of the BlackBerry PlayBook.
Shares were trading down five per cent this morning on word of the change.
No drastic changes needed? What do you think? Too little too late?
photo courtesy reuters
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