Stymiest Looks to Be "a Lock" for RIM Chair - John Paczkowski via AllThingsD
Looks like RIM’s board is (finally) pushing out the co-founder co-CEOs, a move that is so overdue it is laughable. But the new chair is a Royal Bank of Canada exec, which makes it sound like a sale is planned, not a turnaround:
John Paczkowski via AllThingsD
Research In Motion’s 2011 was about as ugly as they come. And with few indications that 2012 will be much better, the company is preparing to make some significant management changes.
Sources close to the company say that co-founders Mike Lazaridis and Jim Balsillie will soon relinquish their titles as co-chairmen of the board, officially ceding that position to board member and Royal Bank of Canada exec Barbara Stymiest.
“Stymiest is a lock for chairwoman,” one source told AllThingsD. “The only thing that’s unclear right now is the timeline for her appointment.”
[…]
But RIM’s gruesome downward spiral was caused by a string of foolish missteps and disappointments that will not be easily reversed, particularly not with a simple board chair swap. While Stymiest’s background is impressive — executive positions at the Royal Bank of Canada and Toronto Stock Exchange parent TMX — it is largely financial. She seems to have little background in consumer electronics. Presumably, some experience in that area would be helpful.
I predict that some major IT player will a/ buy RIM for peanuts, b/ throw away (‘transition’) the hardware side, and c/ reposition the Blackberry Messenger service as a software service on several platforms, especially iOS and Android. It would be an obvious purchase for Apple, Microsoft, or Google.
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