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BlackBerry Stops Looking for a New CEO as John Chen Drops Interim Title

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BlackBerry's interim CEO, John Chen has dropped the interim part of his job title as he appears to be settling into the role for the long term.

The company is temporarily suspending its search for a permanent CEO, and Chen has said a couple of times that he will stick around until the company is on a "solid financial footing".

The development comes just after the firm's largest shareholder, Fairfax injected another $250 million into the company in the form of a debt purchase.

Chen is still in the process of shaking up the company operations, having eased out several directors, and announced a handset production deal with Foxconn.

Chen is a noted turnaround specialist, and having got a good look at the company's operations, his decision to stick with it will be seen by investors as a positive indication that he sees an opportunity to improve the company's prospects.

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Tags: john chen  blackberry  Canada