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German takes over Blackberry makers

The Local · 23 Jan 2012, 08:25

Published: 23 Jan 2012 08:25 GMT+01:00

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The move is seen as the end of an era in the telecommunications industry – under the auspices of previous joint CEOs Mike Lazaridis and Jim Balsillie, RIM became a market leader and made the Blackberry one of the world’s most popular smartphones.

But the rise of Apple’s iPhone and the cheaper alternative provided by the Android smartphones led to Blackberry’s market share and stock value shrinking rapidly, especially in the US.

RIM shareholders have been calling for a radical change of leadership for several months.

“We have learned from the challenges,” Heins said Sunday from the RIM headquarters in Waterloo, Canada. The 54-year-old began his career at the German technology giant Siemens, before switching to RIM in 2007.

"There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership," Lazaridis said. "Jim and I went to the board and told them that we thought that time was now."

"I agree this is the right time to pass the baton to new leadership, and I have complete confidence in Thorsten, the management team and the company,” added Balsillie.

Story continues below…

DPA/The Local/bk

The Local (news@thelocal.de)

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Your comments about this article

12:14 January 23, 2012 by pepsionice
Good luck, but the Blackberry trend is downward, and I doubt they have more than a year of operation left, unless they sell to another company.
16:24 January 23, 2012 by TRJ
I agree with pepsionice- there is no reversing their downward trend. I believe they will be sold to another group which will redirect the focus to the Asian smartphone market. That market's focus is mostly on simple phone, text, web as opposed to utilization of cutting edge apps. That is all that is left for RIM.
16:32 January 23, 2012 by hanskarl
This will be interesting to watch. I agree w/pepsionice. The co CEO's ran it so far into the ground it would take a literal miracle to resurrect it. From $70B to $9.8B??

Thorsten Heins? From siliconrepublic.com.

"He had joined the company five years ago after holding the role of chief technology officer at Siemens.

Heins (54) has more than 27 years of experience in wireless networks and consumer electronics devices.

"Mr Heins has a global reputation for his organisational and leadership skills and his ability to build successful organisations that deliver on their commitments," RIM said in a statement.

Heins, who was also RIM's senior vice-president for the Handheld Business Unit before his COO role, played key roles in creating RIM's product portfolio.

He has been with RIM since December 2007. Prior to that, he worked at Siemens AG, which he joined in 1984 after graduating from the University of Hannover in his native Germany.

At Siemens, Heins worked his way up through R&D customer service, sales and product management positions.

After serving as CEO of various business divisions in the communication business, Heins took on the mantle of chief technology officer and became member of the Group Board of the Siemens Communications Group."
19:55 January 26, 2012 by raandy
Who cares , apple wiped blackberry out , lets see if this wissen, dass es allen knows best.
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