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.
"I'd be pissed too, but you didn't have to go all Minority Report on his ass!" -- Jon Stewart on police raiding Gizmodo editor Jason Chen's home
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
Microsoft Admits Lumia 925 and 1020 Have Sleeping Sickness, Bug Fix is Planned
November 24, 2014, 1:12 PM
Report: Samsung Galaxy S5 Sales Have Come in 40% Below Projections
November 24, 2014, 6:58 AM
Quick Note: Google Chromebooks Now Coming with 1TB of Google Drive Space
November 21, 2014, 1:20 PM
Xiaomi Aims to be #1 Smartphone OEM Within 10 Years, Apple Urges Caution
November 21, 2014, 9:33 AM
Quick Note: Samsung's Request to Dismiss Microsoft Lawsuit is Rejected
November 20, 2014, 12:53 PM
Amazon Offers "The Washington Post" Free for Six Months to Kindle Fire Owners
November 20, 2014, 7:41 AM
Most Popular Articles
Uber Exec Threatens to "Spend Millions" to Stalk Female Reporter and Her Family
November 19, 2014, 12:31 PM
Apple Replaces “FREE” Label with “GET” on App Downloads in iTunes App Store
November 19, 2014, 5:38 PM
Rand Paul Casts Crucial "No" Vote on Obama-Backed PATRIOT Act Renewal Bill
November 19, 2014, 5:15 PM
FTC Announces Crackdown on Computer Speedup/Tech Support Scams
November 20, 2014, 1:40 PM
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Latest Blog Posts
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
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information