RIM Considers Splitting CEO and Chairman Roles
Published on: 3rd Jan 2012
Note -- this news article is more than a year old.
Troubled smartphone manufacturer Research in Motion is reported to be considering splitting the role of CEO and Chairman.
The company has come under pressure, particularly over the way that its founder and Chairman, Mike Lazaridis shares the CEO role with Jim Balsillie. The company has been carrying out an internal review of its board structure, which it agreed to last year to avoid a shareholder revolt.
The review is due to be completed by the end of this month, and a decision announced by the end of February.
Barbara Stymiest, an independent director who joined RIM's board in 2007, is believed to be the leading candidate to replace Balsillie and Lazaridis as Chairman, sources familiar with events told the Financial Post newspaper.
Splitting the role of Chairman and CEO is normal practice in Canada, but less so in the USA, and the company had argued for a single person to hold both jobs as the company shares are also listed in the USA.
On the web: Financial Post