updated 10:34 am EST, Mon November 25, 2013
CFO Budulka replaced by SVP Yersh, CMO and COO yet to be replaced
BlackBerry has made another set of executive-level changes, with three more members of management being pushed out from their positions. The reorganization, which sees the loss of the CFO, COO, and CMO at the phone manufacturer, comes three weeks after previous CEO Thorsten Heins was let go and replaced by interim CEO John Chen.
Kristan Tear and Frank Boulben, the Chief Operating Officer and Chief Marketing Officer respectively, will both leave the company outright, and there is no mention for whomever will take over the positions. Brian Bidulka is being replaced as Chief Financial Officer by James Yersh, previously serving as Senior Vice President, Controller, and the head of Compliance. Though Bidulka will no longer be the CFO, he will remain as a special adviser to the CEO for the remainder of the financial year, to assist with transitions. At the same time, BlackBerry has announced that Roger Martin, a member of the board since 2007, has resigned, though it is not clear if this forms part of the company's overall reshuffling, or as a separate act.
James Yersh, BlackBerry's new CFO
Current CEO Chen advises that BlackBerry has "a strong cash position," and that following these 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."
At the beginning of this month, BlackBerry ceased its plans to sell itself, instead opting to take on $1 billion in investment from a group of investors. The group includes Fairfax Financial Holdings, the largest investor in BlackBerry, which also attempted to take the company private by offering $4.7 billion.