Blackberry Sheds Three More Executives

by Istvan Fekete on December 17, 2013

Another two high-ranking employees will leave the struggling BlackBerry by the end of the year or shortly thereafter, reports the Wall Street Journal. The news comes less than a month after the Canadian smartphone manufacturer closed a deal with Fairfax Financial and named a new, interim CEO, John Chen.

The new CEO announced that he is aiming high, and started by tidying up the house, laying off numerous executives in the company’s upper ranks and eliminating some positions entirely.

The latest announced departures are Rick Costanzo, BlackBerry’s executive vice president in charge of global sales, and Chris Wormald, executive in charge of BlackBerry’s mergers and acquisitions strategy. Both men are long-term employees.

When Mr. Chen took over, he told employees during a town-hall meeting, “Things are going to get worse before they get better,” and that, “Not all of you will be here,” according to a person in attendance that day.

A few months ago in September, saddled with a large inventory of unsold phones and weak sales, BlackBerry announced that it would lay off 4,500 employees, which accounts for about 40% of its workforce.

However, the Financial Post noticed that a press release revealed that a third executive is also on the list of ousted execs: BlackBerry’s former director of global public policy, Mark Cameron, will leave the company to join public relations and public affairs firm Hill+Knowlton Strategies Canada as the new year kicks off.

Mr. Wormland has been part of the BlackBerry team since 2000, and will leave by the end of December, followed by Mr. Costanzo – BlackBerry employee since 1999 – who will leave in early 2014.

The executive shakeup has been attributed to Mr. Chen, who ousted former BlackBerry CEO Thorsten Heins. BlackBerry’s stock price was up more than 2.02% on the Toronto Stock Exchange in the early afternoon, yesterday.

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Written by: Istvan Fekete. Follow by: RSS, Twitter, Facebook, or YouTube.

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