Subscribe Now

* You will receive the latest news and updates on the Canadian IT marketplace.

Trending News

Blog Post

BlackBerry says goodbye to three execs
C-SUITE

BlackBerry says goodbye to three execs 

Doug Kozak, VP, corporate information technology operations, Carmine Arabia, SVP, global manufacturing and supply chain, and Graeme Whittington, VP, service operations, will be leaving the company. 

Company spokeswoman Rebecca Freiburger wrote in an email that the departures are part of BlackBerry’s ongoing strategy of change. “We are in the second phase of our transformation plan where we will be assessing our organization — from top to bottom — to ensure we have the right people in the right roles with the right skill sets to drive new opportunities in mobile computing,” she said. 

The news of the executives’ decampment is part of a wave of bad news for BlackBerry. The company posted a loss of 16 cents a share on revenue of $3.1 billion in the first quarter. Moreover, it suffered an operating loss of $84 million. Wall Street analysts had expected BlackBerry to report earnings of six cents per share on profits of $3.36 billion. This morning, the company’s shares dropped 30 cents to $9.61.

BlackBerry’s public relations department hopes the C-level exits do not distract from the upcoming release of the Q5, the latest smartphone in the BlackBerry 10 line. The smartphone maker aims to compete with rivals Apple and Samsung, and believes a leaner company will yield more positive results. 

Related posts