Committee Says RIM CEO, Chairman Can't Be Same Person
A committee investigating the leadership structure at Research In Motion has decided that whoever serves as Chairman of the Board may not also be an employee of the company. It recommends that the company change its organizational mandate to reflect this decision. RIM's board recently removed co-CEOs Mike Lazaridis and Jim Balsillie, who also served as co-Chairmen of the Board. RIM replaced Lazaridis and Balsillie with Thorsten Heins as CEO, and appointed Barbara Stymiest as the new chairperson. This new structure ensures the board will act independently of company management.
Eric Schmidt, Alphabet Chairman, to Take Advisory Role
Alphabet Executive Chairman Eric Schmidt this week said he plans to step down from his leadership role on the company's board and will instead serve as a technical advisor to the company. "Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition.
Qualcomm Rejects Broadcom's Attempt to Replace Board
Qualcomm today said it won't entertain the idea of replacing its board of directors with substitutes nominated by Broadcom. Earlier this month, Broadcom nominated 11 people to Qualcomm's board of directors.
HMD Global, Maker of Nokia Phones, Parts Ways with CEO
HMD Global today said Arto Nummela, CEO and member of its Global Board of Directors, will leave the company effective immediately. Florian Seiche, who has co-lead the company as president since its founding, has been appointed acting CEO in Nummela's place.
Yahoo May Sell Its Core Internet Business
Yahoo is weighing whether or not it should sell its core business, sell its interests in Alibaba, or both, according to the Wall Street Journal. The decision will be entertained at a series of board meetings to be held this week.