BlackBerry Announces Board Committee Refreshment

Rhea-AI Summary

BlackBerry Limited (NYSE: BB) has announced leadership changes within its Board of Directors' standing committees, appointing Michael Daniels and Lisa Disbrow as Chairs of the Compensation, Nomination and Governance Committee, and the Audit and Risk Management Committee, respectively. Daniels, who has been on the committee since 2014, succeeds Prem Watsa, while Disbrow, an audit committee expert, takes over from Barbara Stymiest. Executive Chairman John Chen emphasized that these rotations reflect the company's commitment to strong corporate governance and shareholder engagement.

Positive

• Appointment of Michael Daniels as Chair of the Compensation, Nomination and Governance Committee, enhancing leadership continuity.
• Lisa Disbrow appointed as Chair of the Audit and Risk Management Committee, bringing extensive audit expertise.

Negative

• None.

WATERLOO, ON, Oct. 7, 2021 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced updates to the leadership of the standing committees of the company's Board of Directors.

The company announced that Michael Daniels has been appointed as Chair of the Compensation, Nomination and Governance Committee of the Board.  Mr. Daniels has served on the Committee since October 2014.  He currently serves as Chairman of CACI International Inc. and as a director of Two Six Technologies, LLC and Mercury Systems, Inc., where he is a member of the Human Capital and Compensation Committee and the Nominating and Governance Committee.  Previously, he served as Senior Vice President at Science Applications International Corporation (SAIC), as Chairman and CEO of Network Solutions, and as Chairman of the Northern Virginia Technology Council and the Logistics Management Institute.  Mr. Daniels succeeds V. Prem Watsa who has rotated from the role of Chair of the Compensation, Nomination and Governance Committee of the Board.  Mr. Watsa will remain as Lead Director of the Board and as a member of the Committee. 

BlackBerry also announced that Lisa Disbrow has been appointed the Chair of the Audit and Risk Management Committee of the Board.  Ms. Disbrow has served on the Committee since August 2019 and is an audit committee financial expert.  She currently serves as Chair of Hensoldt, Inc. and the Logistics Management Institute, as a director of Mercury Systems, Inc., SparkCognition Government Systems, Inc. and the Sequa Corporation, and as Senior Fellow at the Johns Hopkins University Applied Physics Lab.  Previously, she served over 30 years in senior civilian and military positions in the U.S. government, and was the Senate-confirmed Under Secretary of the U.S. Air Force.  She also served as Acting Secretary of the Air Force and was the Senate-confirmed chief financial officer of the Air Force, as the Assistant Secretary for Financial Management and Comptroller.  She succeeds Barbara Stymiest who has rotated from the role of Chair of the Audit and Risk Management Committee of the Board.  Ms. Stymiest will remain as a member of the Committee. 

John Chen, Executive Chairman and Chief Executive Officer of BlackBerry, said, "The rotations we announced today underscore our commitment to strong corporate governance and help to further enhance the Board's independent oversight.  We engaged with shareholders in connection with our 2021 Annual General Meeting and have considered their input and perspectives in making these leadership changes."

"On behalf of the Board, I would like to thank Prem and Barb for their thoughtful stewardship and dedication as Committee Chairs for almost eight years and I'm confident that the company and its shareholders will benefit from the expertise and insight that Mike and Lisa will bring to their new roles," said Mr. Chen.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 195M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere. 

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

 

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SOURCE BlackBerry Limited

FAQ

What recent changes were made to BlackBerry's board of directors?

BlackBerry announced the appointment of Michael Daniels and Lisa Disbrow as Chairs of its Compensation, Nomination and Governance Committee, and Audit and Risk Management Committee, respectively.

Who succeeded Prem Watsa at BlackBerry?

Michael Daniels succeeded Prem Watsa as Chair of the Compensation, Nomination and Governance Committee.

What is Lisa Disbrow's background at BlackBerry?

Lisa Disbrow has been on the Audit and Risk Management Committee since August 2019 and is recognized as an audit committee financial expert.

What are BlackBerry's commitments regarding corporate governance?

BlackBerry emphasizes strong corporate governance and has made leadership changes in response to shareholder feedback.