RIM's co-CEOs Jim Balsillie and Mike Lazaridis step down
Added On:1/23/2012 9:03:00 AM

In a surprising move, Research In Motion's Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs and co-Chairmen. Now, current operations head Thorsten Heins will take over as the new, unified CEO.

Sources informed, Heins, who is also named to RIM's board of directors, joined RIM back in December 2007 as senior Vice President for hardware engineering and became Chief Operating Officer for product and sales in August 2011.

It is worth noticing that Balsillie and Lazaridis, who are the second and third largest shareholders in the company, were at the helm as RIM is suffering a sharp slowdown in growth this year.

Analysts believe, RIM's latest wave of BlackBerry smartphones have failed to impress users because of Apple’s remarkable iPhone 4S and a string of Android powered smartphones. Moreover, RIM’s attempt to breach the tablet market with the PlayBook has also stumbled early. All in all, struggling tech giant RIM’s shares have shrunk more than 70 percent this year, an eight-year low value.  

Analysts further added, Lazaridis and Balsillie were seen as a major obstacles to any deal. 

Neither Lazaridis nor Basillie detailed any future plans outside RIM.  

 

ITVoir NewsDesk


Tags: RIM, Mike Lazaridis, Jim Balsillie, Thorsten Heins, Android, Apple, iPhone 4S
  


News Archive - News
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15    Older>>  

India’s third largest software firm, Wipro has shared 28.8% rise in profit to Rs. 2,226.5 crore in the last quarter ending March, with the improvement in global economic sentiment...

The professional social networking site, LinkedIn has announced that it has crossed 300 million members, with comprising half of it from outside US. 
 
“While...

Apple is all set to incorporate Shazam’s music identification technology into its next iOS version, according to reports. Apple seems to be going far beyond with this deal and this is ahead...

The Indian giant, Reliance Industries has reportedly accelerated its efforts to begin 4G telecom services in the country. 
 
“We have now reinforced the effort...

The head and vice president of human resource at Tata Consultancy Services (TCS), Ajoy Mukherjee has shared that the company is all set to recruit 55,000 workforces this fiscal year. 

The Indian firm, HCL Technologies has again recorded an excellent quarter, and the company is strongly optimistic to observe another industry-leading fiscal year. 
 

Twitter has broadened its advertising business with offering mobile ads and pleasing people for installing apps on its social network, and also with the help of its last year’s acquisition,...

The giant business software maker, SAP is efficient and can reach its growth target for internet based or cloud business without pursing acquisitions, notified SAP CFO. 
 ...

Microsoft has achieved the tag for ‘Most Attractive Employer’ in India, along with telecom, IT and ITeS sectors concluded as most preferred sectors by the Indian workforce, according...

Yahoo’s chief Marissa Mayer is endeavouring to persuade Apple to replace Google from its default search engine with Yahoo, according to the recent reports. 
 
Mayer is very d...
Top
Tags

Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.
ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided.

Computer Vendors In India 
Computer Vendors In India - Delhi [Delhi]
Computer Vendors In India - Chandigarh [Punjab]
Computer Vendors In India - Mumbai [Maharashtra]
Computer Vendors In India - Banglore [Karnataka]
Computer Vendors In India - Agra[Uttar Pradesh]
Computer Vendors In India -Chennai[Tamil Nadu]
Computer Vendors In India - Kolkatta [West Bengal]
Computer Vendors In India - Kochi [Kerela]
Computer Vendors In India - Nagpur [Maharashtra]
Computer Vendors In India - Gurgaon[Haryana]
Follow us on:



 
 



 


 
Mr. Harish, Country Manager, India, ComGuard Infosol, talk..

Harish

Country Manager, India , ComGuard Infosol

Mr. Harish, Country Manager, India, ComGuard Infosol, talks about the company

 

Rajesh Gupta

Country Manager, India , SanDisk

Rajesh Gupta, Country Manager, SanDisk India, talks a..

AMbarish

Founder & CEO , Knowlarity Communication

Mr. AMbarish said, "We're very bullish about the oppo..

 


 
SanDisk Global Product Launch_Hon Wai Cheah Gavin Wu and Manisha Sood unveiling the new product rangeIntel India announced the launch of Intel Future Scientist program in the state of KarnatakaPuneet Chadha, Director GSB, HP-IPG & Siddharth Malhotra, Director Arun&Rajive Pvt. Ltd. - unveiling the HP Wall ArtSeagate Back-up Plus Launch – (L-R) Mr. Futoshi Nizuma, Mr. Benshen Teh, Mr. Nermount Hoh and Mr. Rajesh Khurana unveiling the new product. Toshiba launches AOC TV appoints Ms. Kalki Koechlin as the Brand Ambassador; showcases new range of LCD & LED TVsFujitsu Launches two new Ultrabooks, LIFEBOOK    UH572  and LIFEBOOK    U772 in India. Asus associates with Intel and Microsoft launches mainstream Ultrabooks S Series and Thin and Light notebooks F series. L- R Mr. Unaez Quraishi, Sales, Mr. Alex Huang, MD,  System business Group, Asus India, Mr. Sumeet Gugnani, Director - Multinational Accounts, Microsoft India - Mr. Sandeep Aurora, Director of Marketing, Intel South Asia.