BlackBerry Maker Names New CEO, Chairman Amid Struggles
NEW YORK - Struggling BlackBerry maker Research In Motion has replaced its co-CEOs with Thorsten Heins and also named a new chairman.
A relative unknown, Heins, who joined Canada-based RIM four years ago from Siemens, will take over for co-CEOs Jim Balsillie and Mike Lazaridis who were seen as not making enough inroads against such competitors as Apple, whose iPhone has taken market share in the mobile device space, and Google's Android.
Meanwhile, RIM director Barbara Stymiest is taking over the role of chairman, which the duo also used to share.
Lazaridis, who founded RIM in 1984, will become vice chairman. Balsillie will remain a board member without any operational title.
As of 11:30am ET, RIM shares were down 5.9 percent at $15.99.