RIM’s new chairwoman promises shake-up isn’t over

By on February 2, 2012 at 1:00 PM.

RIM’s new chairwoman promises shake-up isn’t over

Research In Motion’s newly appointed chairwoman of board Barbara Stymiest vowed on Thursday that the changes sweeping the struggling smartphone vendor will continue. RIM announced late last month that company co-founders Jim Balsillie and Mike Lazaridis were stepping down from their roles as co-CEOs and co-chairmen of the board following more than a year of investor unrest. Replacing them atop RIM’s management team was Thorsten Heins, and Barbara Stymiest was named chairwoman of the board. Heins got off to a rocky start but promised that more change was coming, and now Stymiest has gone on record making a similar vow that the shake-up at RIM isn’t over. Read on for more. More →

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Lazaridis and Balsillie to be ousted as co-chairmen, report claims

By on January 3, 2012 at 9:25 AM.

Lazaridis and Balsillie to be ousted as co-chairmen, report claims

In light of increased pressure from shareholders, Research In Motion is preparing to replace current co-chairmen of the board Mike Lazaridis and Jim Balsillie. The Financial Post on Tuesday reported that RIM will soon shake up its corporate structure, likely removing both company co-founders from their current board seats. The pair would remain co-CEOs and a new single chairman would be appointed in their place. According to the Financial Posts’s unnamed sources, independent director and RIM board member Barbara Stymiest is currently the front-runner to replace Lazaridis and Balsillie. In response to increased shareholder unrest, RIM agreed this past summer to assemble a committee that would investigate splitting the co-CEO and co-chairmen roles. Stymiest is a member of the committee carrying out the investigation, and she has been a member of RIM’s board of directors since 2007. RIM’s stock was up 2% on the rumor in pre-market trading. More →

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