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>>  

The constantly growing internet penetration in the country, with a really remarkable speed, is clearly influencing various global giants across different industries for investing in India and endeavou...

At this time, when the whole world is recognizing the talent and potential of the country, the tech and electronic giants are also investing in India and hence, exploring the employment opportunities...

The vigorously ongoing Digital India program is constantly adding more and furthermore projects to transform the whole country, all the crucial processes, departments and sectors into a...

The online platform is emerging as the largest platform nowadays for exploring newer business opportunities, which is continuously inspiring giants to invest and innovate furthermore.  
&nbs...

The India second largest software outsourcing company, Infosys has been constantly endeavouring to revamp its business in the direction of first non-founder CEO Vishal Sikka and now, the company has s...

Security is the major concern among the hotels, as even after deploying security cameras at every nook and corner, there remains a distance between the reality and the technological system. 

The global social networking leader, Facebook has been continuously endeavouring to expand its business beyond the core social networking platform, as the world is showing multiple oppo...

The thriving Indian eCommerce is not the only a story about a constantly growing industry and emerging opportunities for the whole world, it’s also about the growing user base of online shoppers...

The search engine giant Google is a globally leading company, because it continuously endeavours to deliver something new and unique to the customer around the world. Plus, it has always been finding...

Nowadays, smartphones are not just the recognition for mobile phones; these mobile devices have actually grown smart and are actually the smaller replicas of our personal computers with obvious mobili...
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:


 
 



 


 
Altaf Halde, Managing Director, Kaspersky Lab -South Asia,..

Altaf Halde

Managing Director - South Asia , Kaspersky Lab

Altaf Halde, Managing Director, Kaspersky Lab -South Asia, talks about securit..

 

Arshad Majeed

Executive Vice President - Global Deli.. , Xavient Information Sys..

Arshad Majeed, Executive Vice President - Global Deli..

Shrutidhar Paliwal

VP - Corporate Communications , Aptech Limited

Shrutidhar Paliwal, VP-Corporate Communications, Apte..

 


 
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.