There has been plenty of evidence that shareholders, to say nothing of customers, have been unhappy with RIM’s direction in the last few years. They have been calling for new leadership, new strategy, new products — new something. This week, a management shakeup seemed to grant that wish. RIM’s former coCEOs and cochairs Mike Lazaridis and Jim Balsillie are no longer in those positions. Instead, Thorsten Heins has been named the company’s new president and CEO. He was also appointed to RIM’s board of directors. Wall Street was unimpressed, however, and promptly punished RIM’s shares.
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RIM's Heins: Change Investors Can Believe In?
Posted by: Erika Morphy January 24, 2012 09:29 AMThere has been plenty of evidence that shareholders, to say nothing of customers, have been unhappy with RIM’s direction in the last few years. They have been calling for new leadership, new strategy, new products — new something. This week, a management shakeup seemed to grant that wish. RIM’s former coCEOs and cochairs Mike Lazaridis and Jim Balsillie are no longer in those positions. Instead, Thorsten Heins has been named the company’s new president and CEO. He was also appointed to RIM’s board of directors. Wall Street was unimpressed, however, and promptly punished RIM’s shares.