This evening RIM made the news official. There were rumors the last few weeks that the board and upper management at RIM were considering a shuffle to bring in new talent. It also seems likely the move has come at the interest of the shareholders, though Jim Balsillie has denied it. The past few months have been particularly harsh for RIM as they’ve had to delay their Playbook OS 2.0 release and also their mobile phone OS (Blackberry 10). Even worse, the devices that are planned to ship with Blackberry 10 OS aren’t planned to make it into consumers hands until fall 2012.
Both Balsillie and Lazaridis will remain on-board at RIM with Lazaridis becoming the vice chairman of the board and Balsillie won’t have any planned operational role in the companies day-to-day functions.
Source: The Verge