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.
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.
Jack Dorsey Named Twitter CEO
Twitter today moved to make Jack Dorsey its permanent CEO. Dorsey, who co-founded Twitter in 2006, has served as interim CEO since June when then-CEO Dick Costolo stepped down.
ZTE Changes Leadership to Appease US
ZTE has moved forward with plans to replace its top executives in a step meant to help ease tension with the U.S. Department of Commerce.