Newly appointed board chair Barbara Stymiest has promised more changes to RIM's board will come. In an effort to shake things up RIM's co-founders stepped down as co-ceos, but still remain on the board. That drew criticism from some investors and Stymiest is obviously trying to ease their concerns.
Stymiest is still reviewing the composition of the board, and said in an interview that adding India-born investor Prem Watsa has already brought a "key understanding of Asian markets to RIM’s leadership."
According to Bloomberg, RIM investor group Jaguar Financial Corp. doesn't believe the changes so far are enough.
New CEO Thorsten Heins says he wants to grow US market share, get the PlayBook 2.0 going, and launch BlackBerry 10 laster this year. Stymiest thinks he's well positioned to do that.
There are some changes these days at RIM, but only time will tell whether or not its enough to bring RIM back from the dead. Their marketshare is gone for the foreseeable future as it doesn't seem likely they can catch either iOS or Android at this point. They need to stop the bleeding, and then try to build back up over time. Can they do it?
Stymiest is still reviewing the composition of the board, and said in an interview that adding India-born investor Prem Watsa has already brought a "key understanding of Asian markets to RIM’s leadership."
“Driving change in an organization means a high-performing board and a high-quality management team,” Stymiest, 55, said yesterday in the wood-paneled dining room of her Toronto home. “You get those two right and you can drive change quickly and effectively.”
According to Bloomberg, RIM investor group Jaguar Financial Corp. doesn't believe the changes so far are enough.
After Stymiest’s promotion, Jaguar CEO Vic Alboini said she isn’t “strong enough to cause dramatic change.”
“She’s been part of the problem,” he said. “I don’t think she’s going to be strong enough to make the changes necessary. We would say to her, ‘Prove us wrong.’”
“She’s been part of the problem,” he said. “I don’t think she’s going to be strong enough to make the changes necessary. We would say to her, ‘Prove us wrong.’”
New CEO Thorsten Heins says he wants to grow US market share, get the PlayBook 2.0 going, and launch BlackBerry 10 laster this year. Stymiest thinks he's well positioned to do that.
“We can improve on product execution and Thorsten is well- positioned to do that,” Stymiest said. She said her job is to provide “flawless oversight” of the management team.
There are some changes these days at RIM, but only time will tell whether or not its enough to bring RIM back from the dead. Their marketshare is gone for the foreseeable future as it doesn't seem likely they can catch either iOS or Android at this point. They need to stop the bleeding, and then try to build back up over time. Can they do it?
