BlackBerry announced CEO John Chen (pictured) is to step down on 4 November after a decade-long tenure during which he oversaw a pivot from devices to software, with board member Richard Lynch set to take over on an interim basis.
The company noted in a statement Chen’s retirement aligns with the terms of his contract and marks the completion of the company’s Project Imperium strategy, which involves a shake-up of its business.
Recently, BlackBerry moved to split its IoT division from its cybersecurity business, with the former expected to run independently as a new entity.
Once the executive’s resignation becomes effective at the end of this week, Lynch, who joined the board in 2013, will take over as interim CEO and chair until a permanent successor is found.
Following years of struggles and a failure to compete with Android smartphones and Apple iPhones, BlackBerry abandoned the hardware business in 2016.
It then struck a licensing deal with China-based device assembler TCL Communications and sold its mobile-related patents and assets to different companies, including Huawei.
Prem Watsa, lead director of the board said Chen’s achievement “of saving BlackBerry and repositioning it as a software company with leading cybersecurity and IoT technologies has been remarkable”.
The post BlackBerry CEO Chen to retire appeared first on Mobile World Live.
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