“BlackBerry co-founder Mike Lazaridis, who was ousted from the co-CEO role about a year ago, will be retiring from his current position on the board effective May 1,” Shara Tibken reports for CNET. “After giving up the co-CEO position, Lazardis has served as vice chair and a director of BlackBerry. Last week, he launched a $100 million fund, Quantum Valley Investments, to work on commercial applications for breakthroughs in quantum science.”
Tibken reports, “During Lazaridis’ last year as co-CEO and co-chairman, BlackBerry (then named Research in Motion) suffered a sharp slowdown in growth as its phones failed to make a dent in the smartphone market dominated by Apple and Samsung. And BlackBerry’s attempt to breach the tablet market with the PlayBook stumbled early. If that wasn’t enough, BlackBerry also delayed the release of new products and suffered a major global service outage, the worst in the company’s history, in October of 2011. Current CEO Thorsten Heins stepped in to replace the co-CEOs, while Lazaridis moved to the vice chairman role.”
Read more in the full article here.
MacDailyNews Take: Getting out while the getting is bad.
On May 1st, he should clam up, turn beet red, and just stomp out of the place fuming like he did from interviews during his last year of guiding the dump into the toilet as half-CEO.
Dead Company Walking: How to make money on beleaguered BlackBerry while it lasts – March 27, 2013
gets subdued reception – March 22, 2013
Gartner: Beleaguered BlackBerry in an ‘extremely difficult’ spot – March 19, 2013
Why the Z10 won’t save beleaguered Blackberry – March 11, 2013
Former half-CEOs Balsillie, Lazaridis pocket $12 million in ‘entitlements’ from beleaguered RIM – June 15, 2012
Beleaguered RIM names new CEO; half-CEOs step down amid struggle to answer Apple – January 22, 2012
Amateur Hour is Over: Best Buy cancels BlackBerry PlayBook orders, pulls listings – November 28, 2011
RIM’s half-CEO Lazaridis walks out of BBC interview – April 13, 2011
RIM’s half-CEO Lazaridis’ tablet and smartphone ‘strategy’ makes Ballmer’s sound coherent – December 8, 2010
RIM’s half-CEO doesn’t see apps as key part of the mobile Internet – November 17, 2010
RIM’s half-CEO: We think customers getting tired of being told what to think by Apple – October 19, 2010