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BlackBerry Announces Key Leadership Changes to Streamline Finance Organization
Slice of Technology Team
August 05, 2024
Key Highlights:
Tim Foote appointed as Chief Financial Officer, effective immediately.
Jay Chai named Chief Accounting Officer.
Fraser Deziel promoted to Corporate Controller.
Steve Rai to remain in a consulting role until September to ensure a smooth transition.
Source (PR Newswire)
Notable Quotes:
"We are pleased to appoint Tim Foote as our new CFO. 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."
"I am proud to be given the opportunity to lead the BlackBerry finance team at this pivotal time. 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."
Our Take:
BlackBerry's strategic leadership changes, highlighted by the appointment of Tim Foote as CFO, underscore the company's commitment to strengthening its finance organization as it advances towards establishing distinct Cybersecurity and IoT divisions. Tim Foote's extensive experience and proven leadership within BlackBerry position him as an excellent choice to navigate the company through this critical phase. Additionally, the appointments of Jay Chai and Fraser Deziel to key finance roles reflect BlackBerry's focus on leveraging internal talent to drive its strategic objectives and deliver value to shareholders. These changes signal a robust effort to optimize organizational structure and enhance operational efficiency.
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