Research in Motion (RIM), the name behind the popular BlackBerry smartphones and tablets, announced through its Board of Directors that Thorsten Heins, a former Siemens executive before joining the company in 2007, will be the new President and Chief Executive Officer.
Mike Lazaridis and Jim Balsillie both step down as co-CEOs and co-chairmen of the company due to investor pressure reports said.
BlackBerry lost to its competitors Apple and Google after the two successfully conquered the smartphone market easily by showcasing innovative technologies and applications on their own brands. BlackBerry, however, pushed to offer services more focused on corporate email services.
BlackBerry is also quite late when it released their own brand of tablet – PlayBook – versus Apple’s iPad. Another downside of the release is that the company failed to incorporate its trademark email service to the device.
“There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership. Jim and I went to the board and told them that we thought that time was now,” Lazaridis said.
Despite of resignation from their original posts, both Lazaridis and Balsillie will remain board members. Lazaridis will also assume the role as vice-chair and head of a newly created innovation committee.
Last modified: January 23, 2012