Entries in FairFax (1)

Monday
Nov042013

Thorsten Heins out as BlackBerry President & CEO

By Corey Herscu

(Pictured above: Now former BlackBerry President and CEO, Thorsten Heins (right) and Rogers President and CEO, Nadir Mohamed (left) at the Rogers launch of the BlackBerry Z10 smartphone)

Today did not turn out, at all, how anyone would have expected. On the morning that many anticipated Waterloo-based BlackBerry Ltd. would accept the nine-dollar-per-share Fairfax offer, something else happened: a very public corporate shakeup. On the chopping block? BlackBerry President and CEO Thorsten Heins. 

According to reports from the Globe and Mail, BlackBerry has officially axed Thorsten Heins, a few of it's directors, and will be shuffling its board a bit.

Further, after searching for months to find a suitor, BlackBerry has apparently declared that they’ve abandoned their plans to sell, specifically the $4.7-billion with Fairfax Financial, and will forge ahead in the smartphone and OS race will plans to raise $1 billion in funding.

Who saw this coming? Stay tuned for more....

via The Globe