Jim Balsillie and Mike Lazaridis have together announced that they are stepping down as the co-chairmen and co-chief executives of Research in Motion.
Thorsten Heins has been named as the new CEO of RIM. He was one of the two chief operating officers RIM had.
Heins said that he would continue to work on the plans already set by Jim Balsillie and Mike Lazaridis.
He spoke about his plans for RIM: “We are still very, very convinced that this was the right path to go. Now, were there bumps in the road? Sure, but with the kind of growth we had it is not uncommon to hit bumps in the road.”
Barbara Stymiest has been named as the new chairwoman of the company. She was previously with the Royal Bank of Canada.