BlackBerry has gone through quite a few major changes in the past couple of months. The company abandoned a plan to sell itself after the only takeover bid it had received fell through due to rumored funding issues. Instead it received a $1 billion institutional investment and drove out its CEO Thorsten Heins. Former Sybase CEO John Chen was brought on as interim CEO and executive chair of the board. Back then the company announced that Chen would man the helm until a permanent CEO was found. The “interim” has been quietly dropped from Chen’s title, and BlackBerry has confirmed that he won’t be stepping down soon.
Adam Emery, a spokesman for BlackBerry confirmed that Chen is going to have the top job at BlackBerry until the company is back on “solid financial footing.” He also confirmed that the search for a CEO has now been put on the “back burner.” Chen has already set the wheels in motion for the turnaround of this ailing Canadian manufacturer. He is focused on returning BlackBerry back to its roots and focusing primarily on government and enterprise customers. Design and risk related to the device business have been outsourced to Foxconn, which will handle low-end and mid-range devices that are geared towards emerging markets. Having lost $4.4 billion last quarter, the company still has a couple of billion in cash and continues to tighten its belt so as to find the permanent road to sustainability.
- 2014-04-16: BlackBerry 10.2.1 Software Update Hits Q10 And Z10
- 2014-04-15: BlackBerry And NantHealth Team Up For Healthcare-Specific Smartphone
- 2014-04-15: BlackBerry Will Shift Focus To High-End QWERTY Handsets
- 2014-04-14: BlackBerry Security Patches For iOS And Android BBM Apps To Prevent Heartbleed Exploits
- 2014-04-14: BlackBerry Pushing For Immediate Ban Of Typo Keyboard Sales
- 2014-04-10: BlackBerry Q20 Renamed 'BlackBerry Classic'
- 2014-03-31: BlackBerry Will Continue To Bleed Money For Two Years [Analyst]
- 2014-03-26: BlackBerry CEO John Chen Declares War On Leakers
- 2014-03-05: BlackBerry CEO Gives Turnaround Plans 50% Chance