BlackBerry maker RIM to search for new COO

Telecom Lead America: Research In Motion (RIM), makers
of BlackBerry smartphones, is looking for a new chief operating officer to run
the company’s operations.

RIM is hiring a new COO with responsibilities to run the
company’s operations as Jim Rowan, COO, Global Operations, has decided to
pursue other interests.

Moreover, David Yach will be retiring from his role as CTO,
Software after 13 years with the company.

“RIM would like to thank David Yach and Jim Rowan for
their years of service and many contributions to RIM. We wish them well in
their future pursuits,” said Thorsten Heins, president and CEO.

RIM said Jim Balsillie, former Co-CEO of the company, has
also resigned as a director on the company’s Board.

“As I complete my retirement from RIM, I’m grateful for
this remarkable experience and for the opportunity to have worked with
outstanding professionals who helped turn a Canadian idea into a global
success,” said Jim Balsillie.

“On behalf of the Board and everyone at RIM, I would
like to thank Jim for his 20 years of service to RIM,” said Barb Stymiest,
Chair of RIM’s Board of Directors. “His energy, drive and enthusiasm
helped build one of the most successful technology companies of our time.”

Research In Motion revenue down 7% to $18.4 billion in fiscal

Research In Motion (RIM) has posted 7 percent decrease in
revenue for the fiscal year ended March 3, 2012 at $18.4 billion from $19.9
billion in fiscal 2011.

The full fiscal 2012 profit decreased to $1.16 billion from
$3.4 billion a year earlier as RIM battled against Apple’s iPhones and iPads
and an onslaught of Android-powered devices and Samsung smartphones.

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