RIM to remove co-CEOs Balsillie and Lazaridis from co-Chairmen of the Board roles?
After a frankly disastrous year at RIM HQ, co-CEOs Jim Balsillie and Mike Lazaridis are now expected to leave their positions as co-chairmen of the board at the flailing mobile firm.
The longtime CEOs have often come under fire, with critics citing the fragmented nature of their dual leadership as damaging innovation and growth across the BlackBerry platform. Following investor worries in mid-2011 an independent committee was set up to review leadership structure, and now following disappointing financial results, the duo are expected to leave their posts at the boards head.
The news comes via the Financial Post, who are also claiming that Barbara Stymiest, former executive at TSX and RBC, will take charge. Stymiest currently sits on RIM’s review committee.
The move will not affect Balsillie and Lazaridis’ roles as co-CEOs, though if the company’s fortunes do not change swiftly, one can only wonder how long their current positions will remain stable for.
