BlackBerry has appointed John J Giamatteo as its new Chief Executive Officer and Board Member, effective immediately. Richard Lynch continues as Board Chair after serving as interim CEO since November 4. The company plans to separate its IoT and cybersecurity businesses into standalone divisions, scrapping the subsidiary IPO for the IoT sector.
Mike Daniels, Chair of the Compensation, Nomination, and Governance Committee, highlighted Giamatteo's extensive industry experience and track record, positioning him to steer BlackBerry's transformation. Giamatteo, previously President of BlackBerry’s Cybersecurity unit, brings over 30 years of experience from roles at McAfee, AVG Technologies, Solera, RealNetworks, and Nortel Networks.
Expressing excitement for leading BlackBerry's next phase, Giamatteo praised the company's market-leading technology and teams. BlackBerry, headquartered in Waterloo, Ontario, safeguards over 500 million endpoints, including 235 million vehicles.
Key Points:
1. John J Giamatteo has been appointed as the new Chief Executive Officer (CEO) of BlackBerry, effective immediately, along with joining the Board of Directors.
2. Richard Lynch, who served as interim CEO, will continue as the Board Chair.
3. BlackBerry announced the separation of its IoT and cybersecurity businesses, which will function as independent divisions. The company won't pursue an IPO for the IoT business.
4. Mike Daniels, the Chair of the Compensation, Nomination, and Governance Committee of the BlackBerry Board, highlighted Giamatteo's industry expertise and operational excellence, positioning him to lead the company's transformation.
5. Giamatteo previously served as the President of BlackBerry’s Cybersecurity business unit since October 2021 and has over 30 years of experience with global technology firms.
6. Before joining BlackBerry, he held roles as President and Chief Revenue Officer at McAfee, Chief Operating Officer at AVG Technologies, and had leadership positions at Solera, RealNetworks, and Nortel Networks.
7. Giamatteo expressed enthusiasm in leading BlackBerry's next phase, highlighting the company's market-leading technology, skilled teams, and vast market opportunities in IoT and Cybersecurity.
8. BlackBerry, headquartered in Waterloo, Ontario, secures more than 500 million endpoints, including over 235 million vehicles, showcasing its presence in IoT security.
9. The appointment of Giamatteo as CEO marks a pivotal moment in BlackBerry's evolution, emphasizing the potential for growth and development in its IoT and Cybersecurity sectors.
10. With Giamatteo's extensive industry experience and strategic vision, BlackBerry aims to leverage its technological strengths to capitalize on market opportunities and drive the company's future success.
(With Agency Inputs)
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