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, becomes Vice Chair of RIM’s Board and Chair of Board’s New Innovation Committee. Jim Balsillie, former Co-CEO, remains a member of the Board. RIM Board Member Barbara Stymiest has been named the independent Board Chair. Prem Watsa, CEO of Fairfax Financial Holdings, has also been named to the Board. For more information, please see the official RIM press release.
A conference call and live webcast will be held beginning at 8 am ET, January 23, 2012, which can be accessed by dialing 1-800-814-4859 (North America), (+1) 416-644-3414 (outside North America) or through your personal computer or BlackBerry® PlayBook™ tablet at www.rim.com/investors/events/index.shtml.