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Old 01-22-2012, 10:20 PM   #2 (permalink)
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Default Re: RIM's Lazaridis, Balsillie resign

RIM's press release has more details
Research In Motion Names Thorsten Heins President and CEO

Partial quote:
Research In Motion Names Thorsten Heins President and CEO

• Board Acts on Recommendation of Co-CEOs to Implement Succession Plan
• Mike Lazaridis Named Vice Chair of the Board
• Jim Balsillie Remains a Director
• Barbara Stymiest Named Independent Board Chair
• Prem Watsa Named Independent Director

Waterloo, ON – The Board of Directors of BlackBerry® maker Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM) today announced that, acting on the recommendation of its Co-Chief Executive Officers to implement the succession plan they previously submitted to the Board, it has unanimously named Thorsten Heins as President and Chief Executive Officer. Mr. Heins was also appointed to RIM’s Board. The Board acted after conducting its own due diligence. Both appointments are effective immediately.

Mike Lazaridis, former Co-Chair and Co-CEO, has become Vice Chair of RIM’s Board and Chair of the Board’s new Innovation Committee. As Vice Chair, he will work closely with Mr. Heins to offer strategic counsel, provide a smooth transition and continue to promote the BlackBerry brand worldwide.
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