Balsillie, two more execs leave RIM after company post loss (again)

Balsillie, two more execs leave RIM after company post loss (again)

Dismal earnings are sort of typical now since RIM is losing out to Apple, Samsung, and even to Nokia; but also coming with the earnings is news that former co-CEO Jim Balsillie will be leaving the company altogether with his resignation from the company’s board.

Balsillie and his other co-CEO, Mike Lazaridis, were essentially pushed out of their roles by stock pressure – with shareholders complaining that they managed to lose at least 75% of the value of their stock within a year; and the bungled launch of the PlayBook tablet, and delays to BlackBerry 10. Both were replaced by Thorsten Heins.

“As I complete my retirement from RIM, I’m grateful for this remarkable experience and for the opportunity to have worked with outstanding professionals who helped turn a Canadian idea into a global success,” he said – via All Things D.

Also out are Software CTO David Yach, and Global Operations COO Jim Rowan – and the resignations of the two might have been due to putting some new blood in the board.

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