Report: RIM has eye on Barbara Stymiest as new chair
Research in Motion (NASDAQ: RIMM) is considering replacing its co-chairmen, Mike Lazaridis and Jim Balsillie, with Barbara Stymiest, an independent director on the company's board, reports the Canadian newspaper Financial Post. The BlackBerry maker has been under severe shareholder pressure to make changes to its leadership.
Stymiest, who was previously the head of TSX Group and before that chief operating officer at Royal Bank of Canada, is part of a committee of directors that has been looking into RIM's governance structure. The committee is scheduled to release a report Jan. 31.
The posting of the Financial Post article, based on anonymous sources, was followed by a 7 percent rise in the company's share price, Reuters reported. RIM experienced a dismal 2011, with miserable sales of the newly launched PlayBook, and shares fell 75 percent.