Thorsten Heins Ousted As BlackBerry CEO

4 Nov

In a $1 billion deal to influx cash into the company, Heins will be replaced by former Sybase CEO John S. Chen. 

Dan Rowinski

Thorsten Heins, the man charged with turning around the fates of BlackBerry, has officially lost his fight to bring the Canadian smartphone maker back to glory. Today BlackBerry announced that Heins would step down as CEO as part of a $1 billion cash investment from Fairfax Financial Holdings, the company that bid $4.7 billion to buy BlackBerry in September.

John S. Chen will take over as CEO and Executive Chair of BlackBerry’s board of directors once the transaction is completed.

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