In continued efforts to re-organize after a deal to revive itself with Fairfax Holdings did not work out, Blackberry is making changes at three chief executive positions the company said in a press release Monday.
The changes include Kristian Tear, chief marketing officer Frank Boulben, and chief financial officer Brian Bidulka. James Yersh will take over for Bidulka at the chief financial position. Bidulka will also remain with the company at a special advisor to the chief executive officer.
"I thank Kristian and Frank for their efforts on behalf of BlackBerry," Blackberry interim chief executive John Chen said in the statement. "I look forward to working more directly with the talented teams of engineers, and the sales and marketing teams around the world to facilitate the BlackBerry turn-around and to drive innovation. BlackBerry has a strong cash position and continues, by a significant margin, to be the top provider of trusted and secure mobile device management solutions to enterprise customers around the world. Building on this core strength, and in conjunction with these management changes, I will continue to align my senior management team and organizational structure, and refine the Company's strategy to ensure we deliver the best devices, mobile security and device management through BES 10, provide multi-platform messaging solutions with BBM, and expand adoption of QNX embedded systems."
Canadian financial services company Fairfax Holdings was recently close to a deal to privatize the mobile carrier, but will now fork out $1 billion for the company's revival since chief executive officer Thorsten Heins is no longer in the position The Los Angeles Times reported.
Last year, Blackberry was out $646 million when its revenue decreased 40 percent to $11 billion The Wall Street Journal reported. The company lost four million subscribers and suffered another decrease of $84 million in the fiscal quarter that ended June 1 in 2013.
Blackberry made a smaller amount of cuts over the summer from its sales, and research, and development departments. This comes just a year after the company let go 5,000 people from 12,700.
Two years ago, over 17,000 employees worked at the company based in Waterloo, Ontorio Canada. Blackberry also had control of 14 percent of the smartphone business. This has since dropped to less than three percent.
