RIM Considering New Chairmen [REPORT]

A new report suggests that Research in Motion, the company behind the BlackBerry, is looking to make some changes to its board of directors, changes that could cast aside current co-chairmen Mike Lazaridis and Jim Balsillie.

According to the Financial Post, a committee of independent directors are assessing whether or not Lazaridis and Balsillie — who also serve as co-CEOs of the beleaguered company — should be replaced as chair.

[More from Mashable: It Doesn’t Matter If RIM Is Lying, It’s Still in Deep Trouble]

The Post cites sources familiar with the matter as pegging Barbara Stymiest, who joined the RIM board in 2007, as the leading candidate for replacement.

Back in July, RIM agreed to a review of its governance structure. This agreement followed calls from unhappy shareholders for the company to separate the roles of chair and chief executive.

[More from Mashable: RIM: BlackBerry 10 Phones Not Coming Until Late 2012]

As the Post notes, separating the roles of chairman and CEO is more common in Canada and the UK than it is in the United States. Still, the current co-CEOs and chairmen have been resistant to change.

The governance review is expected to be delivered by Jan. 31.

SEE ALSO: It Doesn’t Matter if RIM is Lying, It’s Still in Deep Trouble

RIM struggled significantly in 2011. Not only did its stock drop dramatically, it cut 2,000 jobs and it wrote-down nearly $500 million on its PlayBook tablet. RIM continues to slash prices on the PlayBook, but that hasn’t been enough to stop the decline in market share.

Even worse, during its last quarterly earnings call, the company announced that its next-generation BlackBerry 10 devices would be delayed until late 2012. All signs point to a company that is in serious trouble.

Until now, the RIM board of directors has remained supportive of the co-CEOs/chairmen, but patience might be running out.

In an emailed statement, RIM told us:

“As previously disclosed, RIM’s Board has established a Committee of independent directors with the mandate to study the Company’s governance structure and report their findings by January 31, 2012. The Committee is on track to meet this schedule and the Board will then publicly respond to the recommendations of the Committee within 30 days.”

This story originally published on Mashable here.

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