November 25, 2013 Last Updated 9:49 am

Management shake-up at floundering BlackBerry

James Yersh will replace Brian Bidulka as its Chief Financial Officer, as both Chief Operating Officer and Chief Marketing Officer exit

The Canadian smartphone company BlackBerry today announced that both its Chief Operating Officer, Kristian Tear, and its Chief Marketing Officer, Frank Boulben, were leaving the company. It also said that Chief Financial Officer Brian Bidulka is gone, as well, to be replaced by James Yersh.

BlackBerry also said that Roger Martin, a board member since 2007, has resigned.

“I thank Kristian and Frank for their efforts on behalf of BlackBerry. I look forward to working more directly with the talented teams of engineers, and the sales and marketing teams around the world to facilitate the BlackBerry turn-around and to drive innovation,” BlackBerry CEO John Chen said in the company’s announcement. “I also thank Brian for his eight years of dedicated service to BlackBerry. I look forward to working with James and his Finance team as we move forward, execute on our plans and deliver long-term value for our shareholders.”

Knowing that the news of the exits of major management team members would not be looked on very kindly by investors, Chen tried to put a happy face on the announcement: BlackBerry has a strong cash position and continues, by a significant margin, to be the top provider of trusted and secure mobile device management solutions to enterprise customers around the world.”

BlackBerry’s Q3 earnings is scheduled for December 20 – that should be interesting, to say the least.

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