BlackBerry Announces Finance Leadership Changes
BlackBerry (NYSE: BB; TSX: BB) has announced significant changes in its finance leadership. Tim Foote has been appointed as the new Chief Financial Officer, effective immediately. Foote, who joined BlackBerry in 2015 following the acquisition of Good Technology, brings over 20 years of experience in senior finance roles. He will succeed Steve Rai, who is leaving the company to pursue other opportunities.
In addition, Jay Chai has been appointed as Chief Accounting Officer, and Fraser Deziel has been promoted to Corporate Controller. These changes are part of BlackBerry's strategy to streamline its finance organization as it establishes two distinct divisions: Cybersecurity and IoT. The company aims to drive towards profitability and deliver greater shareholder value through these leadership changes.
BlackBerry (NYSE: BB; TSX: BB) ha annunciato significativi cambiamenti nella sua leadership finanziaria. Tim Foote è stato nominato nuovo Chief Financial Officer, con effetto immediato. Foote, che è entrato in BlackBerry nel 2015 dopo l'acquisizione di Good Technology, porta con sé oltre 20 anni di esperienza in ruoli finanziari di alto livello. Succederà a Steve Rai, che lascia l'azienda per perseguire altre opportunità.
Inoltre, Jay Chai è stato nominato Chief Accounting Officer e Fraser Deziel è stato promosso a Corporate Controller. Questi cambiamenti fanno parte della strategia di BlackBerry per semplificare la sua organizzazione finanziaria mentre stabilisce due divisioni distinte: Cybersecurity e IoT. L'azienda punta a raggiungere la redditività e a fornire un maggiore valore agli azionisti attraverso questi cambiamenti di leadership.
BlackBerry (NYSE: BB; TSX: BB) ha anunciado cambios significativos en su liderazgo financiero. Tim Foote ha sido nombrado nuevo Director Financiero, con efecto inmediato. Foote, quien se unió a BlackBerry en 2015 tras la adquisición de Good Technology, aporta más de 20 años de experiencia en roles financieros senior. Sucederá a Steve Rai, quien deja la compañía para buscar otras oportunidades.
Además, Jay Chai ha sido nombrado Director de Contabilidad, y Fraser Deziel ha sido promovido a Controlador Corporativo. Estos cambios son parte de la estrategia de BlackBerry para optimizar su organización financiera mientras establece dos divisiones distintas: Ciberseguridad e IoT. La compañía busca avanzar hacia la rentabilidad y entregar un mayor valor a los accionistas a través de estos cambios en el liderazgo.
블랙베리 (NYSE: BB; TSX: BB)가 재무 리더십에 중대한 변화를 발표했습니다. 팀 풋이 새로운 최고 재무 책임자(CFO)로 즉시 임명되었습니다. 풋은 2015년에 굿 테크놀로지의 인수 이후 블랙베리에 합류하였으며, 20년 이상의 경력을 가진 재무 분야의 고위직 리더입니다. 그는 다른 기회를 추구하기 위해 회사를 떠나는 스티브 라이를 이어받게 됩니다.
또한 제이 차이가 최고 회계 책임자(CAO)로 임명되었으며, 프레이저 데지엘은 기업 회계 관리자(Controller)로 승진하였습니다. 이러한 변화는 블랙베리가 사이버 보안과 IoT라는 두 개의 독립적인 부서를 설정함에 따라 재무 조직을 간소화하려는 전략의 일환입니다. 회사는 이러한 리더십 변화를 통해 수익성을 높이고 주주 가치를 향상시키고자 합니다.
BlackBerry (NYSE: BB; TSX: BB) a annoncé des changements significatifs dans sa direction financière. Tim Foote a été nommé nouveau Directeur Financier, avec effet immédiat. Foote, qui a rejoint BlackBerry en 2015 après l'acquisition de Good Technology, apporte plus de 20 ans d'expérience à des postes financiers de haut niveau. Il succédera à Steve Rai, qui quitte l'entreprise pour poursuivre d'autres opportunités.
De plus, Jay Chai a été nommé Directeur Comptable et Fraser Deziel a été promu Contrôleur d'Entreprise. Ces changements font partie de la stratégie de BlackBerry pour rationaliser son organisation financière tout en établissant deux divisions distinctes : Cybersecurité et IoT. L'entreprise vise à accroître sa rentabilité et à offrir une plus grande valeur aux actionnaires grâce à ces changements de leadership.
BlackBerry (NYSE: BB; TSX: BB) hat bedeutende Veränderungen in seiner Finanzführung angekündigt. Tim Foote wurde mit sofortiger Wirkung zum neuen Chief Financial Officer ernannt. Foote, der 2015 nach der Übernahme von Good Technology zu BlackBerry kam, bringt über 20 Jahre Erfahrung in leitenden Finanzpositionen mit. Er wird Steve Rai nachfolgen, der das Unternehmen verlässt, um anderen Möglichkeiten nachzugehen.
Darüber hinaus wurde Jay Chai zum Chief Accounting Officer ernannt, und Fraser Deziel wurde zum Corporate Controller befördert. Diese Änderungen sind Teil von BlackBerrys Strategie, die Finanzorganisation zu straffen, während zwei separate Abteilungen – Cybersecurity und IoT – eingerichtet werden. Das Unternehmen verfolgt das Ziel, die Rentabilität zu steigern und den Aktionärswert durch diese Führungswechsel zu erhöhen.
- Appointment of experienced CFO Tim Foote with over 20 years of senior finance leadership
- Streamlining of finance organization to support the establishment of two distinct divisions (Cybersecurity and IoT)
- Focus on driving towards profitability and delivering greater shareholder value
- Departure of previous CFO Steve Rai, potentially causing short-term transition challenges
Tim Foote has been appointed as the Company's Chief Financial Officer, effective today. Foote will report to BlackBerry CEO, John J. Giamatteo.
Foote joined the Company following BlackBerry's acquisition of Good Technology in 2015 and brings more than 20 years of experience across a number of senior finance leadership positions. While at BlackBerry, Foote's roles have included managing the Company's international finance operations, Vice President of Investor Relations and, most recently, CFO for the Cybersecurity division. Foote holds an MBA from Imperial College Business School,
Foote will succeed Steve Rai, who has decided to pursue other opportunities outside of the Company. Giamatteo, and the rest of the BlackBerry Board, thank Steve for his contributions to the Company since 2014 and wish him well in his future endeavors. Rai will remain with BlackBerry until September in a consulting role in order to help facilitate a smooth transition.
"We are pleased to appoint Tim as our new CFO," said Giamatteo. "Tim is a strong, respected and trusted leader within our finance organization, and he brings a wide range of experience from over two decades of senior finance roles in both public and private multinational companies. Tim's deep knowledge of BlackBerry's business, strong relationship with the investment community, and demonstrated leadership made him an ideal choice for the task ahead."
"I am proud to be given the opportunity to lead the BlackBerry finance team at this pivotal time," said Foote. "BlackBerry has made tremendous progress in establishing two standalone divisions and driving towards profitability, and I'm excited about partnering with the executive team to deliver greater shareholder value."
Additional Leadership Changes
In addition, BlackBerry has appointed Jay Chai as the Company's Chief Accounting Officer. Chai has been Vice President and Corporate Controller at BlackBerry since May 2019 and will leverage his deep expertise in financial reporting and operations for this new, expanded role and responsibilities.
Fraser Deziel has been promoted to the role of Corporate Controller. Deziel has been with BlackBerry since November 2009 and was most recently Senior Director of Financial Reporting and Treasury.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments worldwide. The company's software powers over 235M vehicles on the road today. Based in
BlackBerry. Intelligent Security. Everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.
Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@blackberry.com
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SOURCE BlackBerry Limited
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