BlackBerry’s John Chen will depart as CEO amid plans to split business

BlackBerry, the little device from Waterloo, Ont., was the first mobile device to put email in users pockets, at a time when cell phones were the size of bricks – May 31, 2017

In recent months, he was working on dividing BlackBerry’s cybersecurity operations from its internet of things business, which he planned to take public.The company also told shareholders in May that it was exploring a range of strategic alternatives to enhance the value they derive from the business, dubbing the review “Project Imperium.

Chen said he joined the company with three key priorities: to repair BlackBerry’s financial health as it was “just days away from potential bankruptcy”; to establish a new strategy for the company; and to set it up for long-term growth.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackBerry CEO John Chen to Exit With Software Company Planning SplitBlackBerry Ltd. Chief Executive Officer John Chen will leave the software company this week, ending a decade-long tenure that failed to deliver a turnaround in its fortunes.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

BlackBerry CEO John Chen to Retire, Richard Lynch to Take OverBlackBerry CEO and executive chairman John Chen will retire from the company, with Richard Lynch taking over temporarily. Chen joined BlackBerry in 2013 and focused on transforming the company into a cybersecurity software and services firm. The company is also exploring strategic alternatives to enhance its value.
Source: SooToday - 🏆 8. / 85 Read more »

BlackBerry CEO John Chen Resigns, Company to Announce ReplacementBlackBerry's CEO John Chen has resigned and will leave the company on Friday, according to a source. The Canadian technology company is expected to announce a new CEO soon.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »