Canadian smartphone maker BlackBerry has confirmed that Chris Wormald, its VP of strategic alliances, has resigned from his post.
He is followed out the door by Rick Costanzo, EVP of global sales.
The two are reported to have accepted jobs elsewhere…
Canadian smartphone maker BlackBerry has confirmed that Chris Wormald, its VP of strategic alliances, has resigned from his post.
He is followed out the door by Rick Costanzo, EVP of global sales.
The two are reported to have accepted jobs elsewhere but BlackBerry did not comment on this.
The resignations are the latest in a long line of departures. Its CEO, CFO, COO, chief marketing officer and two other vice presidents have all left or been relieved of their duties over the last six months.
In September BlackBerry announced plans to lay off 40% of its work force – roughly 4,500 employees.
The struggling company is set announce its Q3 results on Friday. At the start of November BlackBerry said its strategic review – launched in August – was over and that it had not found a buyer. Its largest shareholder Fairfax Financial Holding had made a US$4.7bn offer during the summer, which later fell through. BlackBerry’s market capitalisation is now US$3.19bn.
When its strategic review ended, the company said it was selling US$1bn in convertible debentures to a consortium of investors led by Fairfax. The buyers were given a green shoe option to acquire a further US$250m notes by 13 December, but last week BlackBerry pushed the deadline back.
The investors now have until 13 January to exercise their option. BlackBerry said the decision was taken to allow prospective investors to get an update on the company’s financials when its quarterly results are announced on 20 December.
