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: If he is so great....
5/24/2012 1:22:17 PM
They were the issue, ok... so after they were kicked from the board, this guy decided to leave... because there were no more issues after these two losers were kicked. Did I get your logic right, retro?
RE: If he is so great....
5/24/2012 1:55:35 PM
"They were the issue, ok... so after they were kicked from the board, this guy decided to leave... because there were no more issues after these two losers were kicked. Did I get your logic right, retro?"
No, you didnt. You and logic never go together well. The post above said
"if he is so great.... Then why is RIM getting clobbered in the first place?"
I commented back and al I was saying is that the guy may have been good, we don't really know... Just because RIM failed doesn't mean every single exec there was bad. Certainly the CEO's were in denial and acted way too late.
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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
UK Teachers Want Parents to Cut-Off Their Children's Internet, Tablet Use at Night
April 17, 2014, 3:40 PM
Quick Note: Chrome Remote Desktop App for Android Launches
April 17, 2014, 9:26 AM
Report: Apple Plans to Integrate Shazam Song Finding Functionality into Siri
April 17, 2014, 9:15 AM
Bring Your Own Battery: LG Isai FL Likely is G3, First U.S. Quad-HD Android
April 16, 2014, 7:38 PM
Project Moonshine: Google's Plan to Flatten Android App Icons Leaks
April 16, 2014, 1:46 PM
Apple, Microsoft, and Major U.S. Wireless Carriers Embrace Smartphone "Kill Switch"
April 16, 2014, 10:08 AM
Most Popular Articles
Cities to Carpoolers: Sharing Your Car is Illegal, We Will Seize Your Cars
April 4, 2014, 9:17 PM
iPad Exploiter is Freed by Federal Appeals Court
April 11, 2014, 7:40 PM
A-10 Warthog May Live to Fight Another Day with Support from Lawmakers
April 14, 2014, 9:41 AM
Taiwan's AOU Claims to Have World's Highest-Res. OLED Smartphone Display
April 11, 2014, 1:44 PM
EFF: NSA May Have Used IRC Botnets to Exploit Heartbleed for Last Two Years
April 14, 2014, 4:43 PM
Latest Blog Posts
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information