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.