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RIM Replaces 2 CEOs and Names Thorsten Heins as President and CEO

Just to quickly post out this news even though it’s Chinese New Year. There is a dramatic change in RIM’s company structure. Finally, there will no longer be 2 CEOs in this company. I’ve always thought having 2 CEOs was a bad idea. Let’s hope Thorsten Heins will be able to turn RIM around and save the sinking ship.

Here are the changes:

  • Board Acts on Recommendation of Co-CEOs to Implement Succession Plan
  • Thorsten Heins Appointed President and CEO of RIM, and Board Member
  • Mike Lazaridis Named Vice Chair of the Board
  • Jim Balsillie Remains a Director
  • Barbara Stymiest Named Independent Board Chair
  • Prem Watsa Named Independent Director

Profile of Thorsten Heins after the break:

Thorsten Heins, 54, is a respected business leader with 27 years of broad experience and expertise in wireless networks and consumer electronics devices. Mr. Heins has a global reputation for his organizational and leadership skills and his ability to build successful organizations that deliver on their commitments. Prior to today’s announcement, Mr. Heins was one of RIM’s two Chief Operating Officers and, before that, Senior Vice President for the Handheld Business Unit. He played key roles in the creation of RIM’s product portfolio. Mr. Heins came to RIM in December 2007 from the industrial conglomerate Siemens AG. He joined Siemens in 1984 after graduating from the University of Hannover in his native Germany. At Siemens, Mr. Heins rose through the ranks of R&D customer service, sales and product management positions. After serving as Chief Executive Officer of various business divisions in the communication business, Mr. Heins moved to Chief Technology Officer and member of the Group Board of the Siemens Communications Group. He came to RIM after being impressed by the level of innovation displayed by founders Mike Lazaridis and Jim Balsillie. Mr. Heins is married with a daughter and a son. Away from RIM, he is usually outdoors bicycling, motorcycling, skiing or hiking.

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