[rethcork]

RIMM Co-CEOs Are OUT

[californiablackberry]

RIM CEOs to Give Up Top Posts in Shuffle

WATERLOO, Ontario—After 20 years together at the helm of Research In Motion Ltd., Jim Balsillie and Mike Lazaridis, the company's co-chief executives, said they planned to turn over the top job early Monday to a little-known company insider as part of a board and management shuffle.

Get ready for the slew of users who can not keep conversation going on one thread and create more threads about this.

[jesse_h]

The stock market should be interesting tomorrow....

[pipotobe]

I can't wait to see the news tomorrow about this.

[Tre Lawrence]

Woah... for real?

[pseudo7]

The board was expected to name Thorsten Heins, previously one of two chief operating officers, to be chief executive, according to the company.

Turning it over to an operations guy? How can that possibly go wrong at a time when RIM needs to produce viable products just to survive.

[GapBoyPCS]

At Research In Motion, a new CEO vows to silence the doomsayers - The Globe and Mail

[rethcork]

A few more details

RIM'S CEOS ARE OUT!

I like this section;

For people hoping RIM will sell off its handset business and focus on software, Heins has a message, "I'm happy that we're not just a handset manufacturer ... It's this integrated platform."

Read more: RIM'S CEOS ARE OUT!

[DaedalusIcarusHelios]

I like where things are headed, and I'm concerned it can get screwed up by a change at the top. Maybe if Dan Dodge takes over, it would be OK, but I'm worried right now. Stupid WSJ (can't read it)

[CPHarrison8]

Fairfax Financial Holdings CEO Prem Watsa will be added to the board as its 11th member with Barbara Stymiest elevated to the Chair position.

[The_Adventist]

Looks like 2012 IS the year of change for RIM.

Here's to the next 11 months.

[MartyMcfly]

Hopefully this gives new life to R.I.M.

[bluetroll]

Chinese New Year is a new start for RIM.

[Brianflys]

Yes, another step the right direction. RIM seems to be making all the right moves.

Hope ya'll bought some stock. Strap in...

[Charusen]

Comprehensive article from Bloomberg:
RIM Replaces CEOs as it Struggles to Answer Apple - Bloomberg

[ThePoisonDroid]

I LOVE news like this. I bought a crap load of shares at $13.45

[Thunderbuck]

Wow.

We knew they'd be leaving the board, but I hadn't dared dream they'd give up the executive. Even so, given RIM's decline in so short a time the buck had to stop somewhere.

I will say again, sometime last fall, the adults stepped in...

[Knightcrawler]

yup, production and coherence have been thier problem, so here's to rim's success in the coming months.

The only think i really hope is that we dont have another delay on the bb10 device launch. from what i've read, jim and mike had a habit of setting unrealistic deadlines and i hope december wasn't one of them.

[Blacklatino]

Well, for better or worse, it was eventually going to happen.

[Chrisy]

Good news. Hope things improve for RIM in 2012!

[pkcable]

Who got the job? Kevin, or Ham Sandwich?

[Economist101]

Yes, another step the right direction. RIM seems to be making all the right moves.

On the contrary, I would think this action means that RIM hasn't been "making all the right moves." Still, it's sad to see it come to this. Hopefully the new guy can make the best of a difficult situation.

[John Yester]

Ham Sandwich!!!!!!!! It was close between them two. lol




I like this shake up, good things to come.

[Thunderbuck]

As a RIM shareholder, I want to thank Jim and Mike for what they did to build this company, and for the courageous decision to step away when the moment called for it.

I still believe in the future of RIM. This painful decision helps ensure it.

[Tre Lawrence]

Depends on who is replacing them...

Culture change or cosmetic?