Tuesday, July 10, 2012

RIM: CEOs May Lose Chairman Title, Says Financial Post

In case you missed it, Canadian paper The Financial Post’s Theresa Tedesco and Matt Hartley this morning reported that Research in Motion (RIMM) is “preparing to unveil a corporate shakeup” that could see co-CEOs Mike Lazaridis and Jim Balsillie lose their joint chairman role.

The authors, citing multiple anonymous sources, write that director Barbara Sytmiest may be named chairman in their place.

A change in roles may be one outcome of an ongoing board committee review of the company’s structure, they write.

RIM shares today are up $1.08, or 7.5%, at $15.58.

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