The Board of Directors of BlackBerryÂ® maker Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM) today announced that, acting on the recommendation of its Co-Chief Executive Officers to implement the succession plan they previously submitted to the Board, it has unanimously named Thorsten Heins as President and Chief Executive Officer.Â Mr. Heins was also appointed to RIMâ€™s Board. The Board acted after conducting its own due diligence. Both appointments are effective immediately.
Let me quote every other website on this rock: “Finally”, but also read on:
Mike Lazaridis, former Co-Chair and Co-CEO, has become Vice Chair of RIMâ€™s Board and Chair of the Boardâ€™s new Innovation Committee. As Vice Chair, he will work closely with Mr. Heins to offer strategic counsel, provide a smooth transition and continue to promote the BlackBerry brand worldwide.
Innovation Committee, really? Mr. Murph, take it from here.