RIM Co-CEOs step down, COO takes control

RIM's co-CEO's Jim Balsillie and Mike Lazaridis step down, COO Thorsten Heins takes over.

@anthony256
Published Sun, Jan 22 2012 9:09 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

RIM have been going through quite a lot of issues lately, thanks largely to Android and iOS. RIM Co-CEOs Jim Balsillie and Mike Lazaridis have both just stepped down, after announcing that they would draw only $1 of yearly salaries to help the company's financial problems.

RIM Co-CEOs step down, COO takes control | TweakTown.com

The move has been a start in management shuffles, where after a year of pressure from both investors and stockholders, both have stepped down from the Co-CEO positions. RIM insider and current COO Thorsten Heins will replace the Co-CEOs.

Lazaridis and Balsillie have both led RIM for decades now, as Lazaridis founded Research in Motion (RIM) back in 1984, shortly after taking on Balsillie. Balsillie stepped down from his role as Chairman back in 2007, but continued as Co-CEO with Lazaridis. Today, Lazaridis becomes vice chairman, and Balsillie continues to be a board member, but with no functional role in RIM.

RIM Director, Barbara Stymiest takes over as chairman, and Thorsten Heins, the current COO goes into numero uno position. Heins came into RIM four years ago from Siemens AG, where he was the CTO.

NEWS SOURCE:techcrunch.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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