Thursday, November 28, 2013

BlackBerry restructures its dome - FORTUNE

TORONTO (Reuters) – The mobile phone maker BlackBerry Ltd said on Monday that two top executives were leaving the company and that was replaced a third party, in a highly anticipated restructuring this month following the appointment of a new CEO.

The company, which is in a difficult business situation, said Kristian Tear, his chief of operations, and Frank Boulben, its head of marketing, will leave. James Yersh replace Brian Bidulka as chief financial officer.

Blackberry, which is based in Waterloo in Canada, also said Roger Martin, a member of the board since 2007, resigned.

In early November, said BlackBerry had shelved plans to put on sale and instead chose to search 1,000 million through an offering of convertible notes headed by Fairfax Financial Holdings Ltd., its largest shareholder.

As part of the agreement, the company also announced John Chen as interim CEO, Thorsten Heins replacing.

Chen, who helped recovery software maker Sybase in the late 1990s, told Reuters in an interview that would make changes to management, hiring outside the company and promoting within it.

BlackBerry

said the new chief financial Yersh has worked with the company since 2008 as senior vice president, controller and chief compliance.

“I will continue aligning my management team and organizational structure,” Chen said in a statement Monday.

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