View:

Mobile Leadership Strategies

EVP, M&A Strategy Lead Exit BlackBerry

Daily Insight | Wally Swain | December 18, 2013

For more, view the monitor.

A pair of high-ranking officials will be exiting BlackBerry during the next several weeks, continuing a changing of the guard at the Canadian handset manufacturer in 2013. The most recent changes have occurred on interim CEO John Chen’s watch.

 

According to The Wall Street Journal, Executive Vice President in charge of global sales Rick Costanzo will leave BlackBerry early in 2014 and Chris Wormald, who heads up the company’s M&A strategy, is expected to leave by the end of this month. Also recently, BlackBerry’s chief marketing officer, chief operating officer and chief financial officer all resigned their posts. Earlier this fall, BlackBerry appeared on the verge of selling itself but the deal with Fairfax Financial fell through and CEO Thorsten Heins left the company shortly after.

 

Yankee Group Senior VP of Research Wally Swain comments

 

“New CEO John Chen is certainly ensuring that he will get 100 percent of the credit if things turn around. If they do not, he can say the ship was already listing too badly. The good thing about being an 'interim' CEO is that you get to have your cake and eat it too on the issue of responsibility.

 

I am not criticizing him. With a challenge this profound, the chances of success are minimal and he has to think about his own brand over the long term. He will certainly not have to worry about members of his exec team saying, ‘We tried that and it didn't work.’ The problem is there will be no one to provide adequate feedback if something really is a bad idea because of some deep issue with the software or customer contracts or distribution channels or whatever.

 

Chen is smart enough and experienced enough that I can only assume he has weighed the two risks and deemed that in the complete remaking of BlackBerry, the cost of having naysayers is greater than the cost of losing experienced executives. That means it is better to start fresh with a new team than have some of those directly or indirectly responsible for the mess trying to justify previous decisions.”

Save |


More like 'EVP, M&A Strategy Lead Exit BlackBerry'

EVP, M&A Strategy Lead Exit BlackBerry by Wally Swain - Dec 18, 2013

A pair of high-ranking officials will be exiting BlackBerry during the next several weeks, continuing a changing of the guard at the Canadian handset manufacturer in 2013. The most recent changes have... Read more »

BlackBerry CEO Has ‘No Intention’ of Selling Devices Unit by Wally Swain - Apr 10, 2014

New BlackBerry CEO John Chen created quite a stir recently when he told a news outlet he’d consider selling the company’s struggling devices unit should it become unprofitable. But Chen... Read more »

BlackBerry CEO Has ‘No Intention’ of Selling Devices Unit by Wally Swain - Apr 10, 2014

New BlackBerry CEO John Chen created quite a stir recently when he told a news outlet he’d consider selling the company’s struggling devices unit should it become unprofitable. But Chen... Read more »