Yet Another Talented RIM Executive Jumps From Burning Platform
May 24, 2012 11:17 AM
comment(s) - last by
(Source: Jason Mick/DailyTech LLC)
RIM is refilling its executive ranks as top talent looks for positions at more successful firms
Times are pretty desperate at Canadian phonemaker Research in Motion, Ltd. (
). Customers are
abandoning its soon to be defunct BlackBerry 7 lineup
in favor of sleek Android handsets or Apple, Inc. (
) iPhones. RIM is counting on a new, richer operating system --
-- and a selection of new high-end handsets to change its fortunes. But with cash running out, the company's future is anything but certain.
Thus it's not surprising that much of the top talent at RIM wants out. With RIM scraping from the bottom of the executive talent barrel (such as the
recently hired chief marketing officer
, a castoff of
bankrupt LTE telecom LightSquared
), the company is also facing many of its top talents jumping ship.
Patrick Spence, former managing director for Europe, the Middle East, and Africa was just recently appointed to head RIM's global sales efforts and was showing strong success in regions such as Indonesia.
Now the 14-year, London-based veteran and one of RIM's few rising talents has done the expected, announcing that he's jumping ship to a position in "another industry".
Patrick Spence was a very talented RIM executive. He decided that his level of talent was a bit out place at RIM. [Image Source: RIM Vietnam Forums]
While some of RIM's recent departures have been involuntary -- such as co-CEOs Jim Balsillie and Mike Lazaridis who
in the board's revival bid for the company -- many are simply talented executives who don't want to be part of what increasingly looks like a failing firm.
The list of recent departures is long and includes chief operating officer, Jim Rowan; head of software David Yach; senior vice president for the BlackBerry platform, Alan Brenner; vice president for the BlackBerry Messenger instant messaging product, Alistair Mitchell; and
chief marketing officer, Keith Pardy
As the executive ranks deterioriate,
RIM's failing finances
have necessitated cuts from the general ranks as well. In July RIM trimmed 2,000 jobs, or about 11 percent of its global workforce. Much of its marketing and developer relations teams were put out of a job.
With unsold handsets and a ragtag crew of replacements to RIM's former executive talent piling up, one has to wonder if there's any hope for RIM, even with the very promising BB10 on the way. Most analysts have expressed much skepticism that RIM will be able to maintain independence, opining that it's headed for a sale or break-up.
RIM shares are currently trading at about
a quarter of their value
from a year ago.
This article is over a month old, voting and posting comments is disabled
RE: Wouldn't it be funny....
5/24/2012 12:53:03 PM
Probably.Ms got piles of cash to burn for awhile on him.Plus this guy most likely getting a nice "care" package while he quits his job with RIM.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
Game Over: LightSquared Goes Bankrupt
May 14, 2012, 7:44 PM
RIM Puts LightSquared Castoff in Charge of Marketing; Airs Vague Ad Pitch
May 8, 2012, 4:10 PM
Do or Die: BlackBerry-Maker RIM's Stock at 8 Year Low as BB10 Nears
May 4, 2012, 1:06 PM
RIM's Last Hope: Gleaming BlackBerry 10 Dev Platform is Unveiled
May 1, 2012, 11:40 AM
RIM Tries to Sell Customers on Defunct Operating System, Bleeds Money
April 11, 2012, 3:04 PM
iLate: CEO Tim Cook Says Apple Watch Will Ship in April
January 28, 2015, 3:03 PM
Amazon's Fire Sale on Fire Phone Steps up in UK w/ 1-Day Sale @ $150 Unlocked
January 28, 2015, 11:53 AM
Apple Sees Record Profit of $18 Billion, Sells 74.5 Million iPhones in Q1 FY2015
January 27, 2015, 6:01 PM
Apple Might Miss High-End of Analyst Estimates, Microsoft Earnings Hint
January 27, 2015, 3:14 PM
Microsoft Smartphone Sales Up 28 Percent as Lumia Budget Models Gain Ground
January 27, 2015, 8:30 AM
Quick Note: Special 20th Anniversary PlayStation 4 Raises $128,000 for Charity
January 26, 2015, 4:14 PM
Most Popular Articles
Under the Hood: How DirectX 11.3 and 12 Will Supercharge Windows 10 Gaming
January 23, 2015, 12:34 PM
2016 Cadillac CTS-V Packs 640 hp Punch with 200 mph Reach
January 23, 2015, 3:25 PM
Google Fixes Homophobic "Bug" in its Translator
January 27, 2015, 2:31 PM
Microsoft Shows Off Latest Windows 10 Build, Preps it for Next Week Release
January 21, 2015, 2:57 PM
Microsoft to Close Nokia Store, May Lose Over a Hundred Thousand Apps
January 26, 2015, 11:15 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information