Research in Motion has not been on the good side of its stockholders or customers lately. Much of this discontent has often been channeled in the direction of RIM’s co-CEOs Jim Balsillie and Mike Lazaridis. An independent committee has been looking into leadership structure at RIM since mid 2011. At the time of the committee’s creation this seemed like just a stunt to calm investors. But according to the Financial Post this committee might be ready to act.
The Financial Post claims that Balsillie and Lazaridis will soon give up their roles as chairmen. They will likely be replaced by Barbara Stymiest, a former executive at TSX and RBC. FP notes that this is only a restructuring of the board, both will still keep their co-CEO titles. RIM is in need of some new ideas in order to become relevant again in today’s market. Hopefully Stymiest in her new position can provide some. Also this will most undoubtedly motivate Balsillie and Lazaridis to make sure Blackberry 10 is a success.
Source: Financial Post