BlackBerry-maker Research in Motion’s (RIM) co-CEOs, Jim Balsillie and Mike Lazaridis have stepped down from the once-iconic company that has struggled to compete in recent years.
The pair who founded RIM will be replaced by Thorsten Heins, a chief operating officer who joined RIM four years ago from Siemens AG, the company said.
Balsillie and Lazaridis have headed Waterloo, Ontario-based RIM together for the past two decades.
“There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership. Jim and I went to the board and told them that we thought that time was now,” Lazaridis said in a statement.
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