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BlackBerry CEO John Chen To Exit With Software Company Planning Split

Published by: dailynews
Published on:

BlackBerry Ltd. Chief Executive Officer John Chen will leave the software company this week, ending a decade-long tenure that failed to deliver a turnaround in its fortunes.

BlackBerry made the announcement on Monday after the market closed, confirming an earlier report by The Globe and Mail newspaper. Richard Lynch will take the helm as chair and interim CEO while the company searches for a permanent replacement.

Chen is responsible for “saving BlackBerry and repositioning it as a software company with leading cybersecurity and IoT technologies,” Prem Watsa, BlackBerry’s lead director, said in a statement.

Read the full story on Bloomberg here.