RIM's (RIMM) New CEO Heins Not Sitting on Hands, Aims to License BB10
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Research In Motion (RIM) (Nasdaq: RIMM) shares are pointing to a higher open Monday following news late Sunday co-Chairmen and co-CEOs Jim Balsillie and Mike Lazaridis have decided to step aside.
According to a release from RIM, former Chief Operating Officer Thorsten Heins will assume the role of Chief Executive Officer and also was appointed to RIM's Board of Directors.
Lazaridis said he decided to move from Co-Chair to Vice Chair of the Board and Chair of the Board's Innovation Committee. Jim Balsillie remains a member of the Board.
Heins isn't sitting on his hands either. Heins did a quick interview with the Daily Globe and Mail of Canada, saying he "will not rule out licensing RIM’s new BlackBerry 10 operating system to other handset manufacturers in a bid to find new growth."
The Daily Globe and Mail made the ominous observation "the new operating system is based on technology RIM acquired in 2010 with the purchase of Ottawa-based QNX Software Systems, and is the same technology behind RIM’s PlayBook tablet, which has failed to capture the imagination of consumers."
Additionally, on a YouTube video posted after the move, Heins said BlackBerry will "remain a top 3 player," which indicates he's confident the new OS will be more well-received than Nokia (NYSE: NOK) and Microsoft's (Nasdaq: MSFT) Windows Phone partnership
Other management changes at RIM include the following: "Barbara Stymiest, who formerly served as a member of Royal Bank of Canada's Group Executive and has been a member of RIM's Board since 2007, has been named the independent Board Chair. John Richardson, formerly Lead Director, will remain on the Board. Prem Watsa, Chief Executive Officer of Fairfax Financial Holdings, also was named to the Board, expanding it to 11 members."
The stock last traded at $17.65, up nearly 4 percent from Friday's close.
According to a release from RIM, former Chief Operating Officer Thorsten Heins will assume the role of Chief Executive Officer and also was appointed to RIM's Board of Directors.
Lazaridis said he decided to move from Co-Chair to Vice Chair of the Board and Chair of the Board's Innovation Committee. Jim Balsillie remains a member of the Board.
Heins isn't sitting on his hands either. Heins did a quick interview with the Daily Globe and Mail of Canada, saying he "will not rule out licensing RIM’s new BlackBerry 10 operating system to other handset manufacturers in a bid to find new growth."
The Daily Globe and Mail made the ominous observation "the new operating system is based on technology RIM acquired in 2010 with the purchase of Ottawa-based QNX Software Systems, and is the same technology behind RIM’s PlayBook tablet, which has failed to capture the imagination of consumers."
Additionally, on a YouTube video posted after the move, Heins said BlackBerry will "remain a top 3 player," which indicates he's confident the new OS will be more well-received than Nokia (NYSE: NOK) and Microsoft's (Nasdaq: MSFT) Windows Phone partnership
Other management changes at RIM include the following: "Barbara Stymiest, who formerly served as a member of Royal Bank of Canada's Group Executive and has been a member of RIM's Board since 2007, has been named the independent Board Chair. John Richardson, formerly Lead Director, will remain on the Board. Prem Watsa, Chief Executive Officer of Fairfax Financial Holdings, also was named to the Board, expanding it to 11 members."
The stock last traded at $17.65, up nearly 4 percent from Friday's close.
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