WATERLOO, ON, July 29,
2024 /PRNewswire/ -- BlackBerry Limited (NYSE:
BB; TSX: BB) today announced a series of leadership changes
designed to streamline its finance organization as it executes on
its strategy to establish two distinct divisions (Cybersecurity and
IoT).
Tim Foote has been appointed as
the Company's Chief Financial Officer, effective today. Foote
will report to BlackBerry CEO, John J.
Giamatteo.
Foote joined the Company following BlackBerry's acquisition of
Good Technology in 2015 and brings more than 20 years of experience
across a number of senior finance leadership positions. While
at BlackBerry, Foote's roles have included managing the Company's
international finance operations, Vice President of Investor
Relations and, most recently, CFO for the Cybersecurity
division. Foote holds an MBA from Imperial College Business
School, London and is a Chartered
Accountant.
Foote will succeed Steve Rai, who
has decided to pursue other opportunities outside of the
Company. Giamatteo, and the rest of the BlackBerry Board,
thank Steve for his contributions to the Company since 2014 and
wish him well in his future endeavors. Rai will remain with
BlackBerry until September in a consulting role in order to help
facilitate a smooth transition.
"We are pleased to appoint Tim as our new CFO," said Giamatteo.
"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. Tim's deep knowledge of BlackBerry's
business, strong relationship with the investment community, and
demonstrated leadership made him an ideal choice for the task
ahead."
"I am proud to be given the opportunity to lead the BlackBerry
finance team at this pivotal time," said Foote. "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."
Additional Leadership Changes
In addition, BlackBerry has appointed Jay Chai as the Company's Chief Accounting
Officer. Chai has been Vice President and Corporate
Controller at BlackBerry since May
2019 and will leverage his deep expertise in financial
reporting and operations for this new, expanded role and
responsibilities.
Fraser Deziel has been promoted
to the role of Corporate Controller. Deziel has been with
BlackBerry since November 2009 and
was most recently Senior Director of Financial Reporting and
Treasury.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security
software and services to enterprises and governments
worldwide. The company's software powers over 235M vehicles on the road today. Based in
Waterloo, Ontario, the company
leverages AI and machine learning to deliver innovative solutions
in the areas of cybersecurity, safety, and data privacy and is a
leader in the areas of endpoint management, endpoint security,
encryption, and embedded systems. BlackBerry's vision is
clear - to secure a connected future you can trust.
BlackBerry. Intelligent Security. Everywhere.
For more information, visit BlackBerry.com and follow
@BlackBerry.
Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@blackberry.com
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SOURCE BlackBerry Limited
