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Blackberry CEO starts company overhaul with staff shake-up

Firm's COO, CFO and CMO are out
Mon Nov 25 2013, 16:26
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CANADIAN PHONE MAKER Blackberry's new CEO John Chen took his first steps to overhaul the company on Monday by showing three executives the door.

Blackberry announced on Monday that that COO Kristian Tear and CMO Frank Boulben will leave the firm. CFO Brian Bidulka has been replaced by head of compliance James Yersh, but will stay on as a special advisor to the CEO for the remainder of the financial year.

Chen said, "I thank Kristian and Frank for their efforts on behalf of Blackberry. I look forward to working more directly with the talented teams of engineers, and the sales and marketing teams around the world to facilitate the Blackberry turn-around and to drive innovation.

"I also thank Brian for his eight years of dedicated service to Blackberry. I look forward to working with James and his finance team as we move forward, execute on our plans and deliver long-term value for our shareholders.

"Blackberry has a strong cash position and continues, by a significant margin, to be the top provider of trusted and secure mobile device management solutions to enterprise customers around the world."

Blackberry also announced today that Roger Martin, a board member since 2007, has resigned. Barbara Stymiest, board member and former chair of the board at Blackberry said, "Our board has benefitted from Roger's expertise and insights over the past six years and we wish him the best."

This staffing shake-up comes just weeks after Thorsten Heins left as CEO of Blackberry, promptly replaced by Chen. Heins stepped down as Blackberry announced that it had accepted a $1bn investment after a $4.7bn buyout from Fairfax Financial reportedly fell through. µ


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