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It’s Time, RIM Does Away With The Co-CEO Model

RIM’s board members and the media have been shouting for this change fro the rooftops for the last year and a half but Sunday it finally took place.

The interwebs are reporting that RIM’s co-CEOs Jim Balsillie and Mike Lazaridis have both stepped down. In their place is one of the two co-COO’s Thorsten Heins. Despite this much needed change we are hearing that this doesn’t necessarily mean a shift in RIM’s strategy.

In the boardroom board member Barbara Stymiest has taken over as Chairwoman of the Board. Lazaridis has taken over as Vice Chairman of the Board. Both Balsillie and Lazaridis will retain shares in the company and positions on the board.

Heins worked for Siemens for 20 years before joining RIM in 2007. While it looks like RIM may stay the course with their strategy Heins has been a proponent of licensing the Blackberry software. Due to their bad financial situation RIM had to scale back the number of Blackberry 10 devices that they were slated for release. Licensing Blackberry 10 may be a good solution to recoup some of that lost revenue.

source: Phonearena