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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  BlackBerry Ltd    BB   CA09228F1036

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Research In Motion Ltd : BlackBerry Announces Two New Board Directors

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02/12/2013 | 02:35pm CEST

Waterloo, ON - BlackBerry® (NASDAQ: BBRY; TSX: BB) today announced it has appointed two new Directors to the Company's Board of Directors -- Richard "Dick" Lynch, retired Executive Vice President of Verizon Communications Inc. and Bert Nordberg, former Chief Executive Officer of Sony Ericsson Mobile Communications.

Commenting on their appointment, Board Chair Barbara Stymiest said, "We are very pleased to add the talent and industry knowledge of these two respected executives to our Board.  We are looking forward to their contributions as we continue to drive for long-term shareholder value and seek opportunities to leverage the extraordinary BlackBerry 10 platform launched last week."

With the additions of Mr. Lynch and Mr. Nordberg, the Company's board of directors now consists of 12 members, of which 10 are independent members including an independent chair.

Richard "Dick" Lynch is president of FB Associates, LLC, which provides advisory and consulting services at the intersection of technology, marketing, and business operations.

Prior to his current roles, Lynch had been the EVP & Chief Technology Officer for Verizon Communications Inc. since 2007 and the EVP & CTO of Verizon Wireless and its predecessors since 1990. 

Lynch is a Fellow of The Institute of Electrical and Electronic Engineers (IEEE). He has sat on the boards of numerous industry organizations including the GSM Association (GSMA), the CDMA Development Group (CDG), and as a member of the Federal Communications Commission Technical Advisory Committee (TAC) and Communications Security Reliability and Interoperability Council (CSRIC).  Lynch has also been honored with the President's Award by the Cellular Telecommunications and Internet Association (CTIA), and been inducted into the Wireless History Foundation's Hall of Fame.  Lynch currently serves on the boards of TranSwitch Corporation where he is chairman and Ruckus Wireless.

Lynch is a graduate of Lowell Technological Institute (now University of Massachusetts) where he received bachelors and masters degrees in electrical engineering (1970 and 1972 respectively).  He has also completed post graduate work at the Wharton School of the University of Pennsylvania and the Johnson School of Management at Cornell University.

Bert Nordberg is Chairman of Vestas Wind Systems, A/S (Denmark) and director on the Board of Svenska Cellulosa Aktiebolaget (SCA) (Sweden).  Additionally, Mr. Nordberg serves as director on the Board of Kcell Joint Stock Company (Kazakhstan) and as a representative for the Chamber of Commerce & Industry of Southern Sweden and as a Member of the Hewlett Packard Communications, Media & Entertainment Board of Industry Advisors (USA).

Mr. Nordberg was Chairman of Sony Mobile from May-December 2012.  He was President & CEO of Sony Ericsson from October 2009-May 2012.  While at Ericsson, Mr. Nordberg held many senior positions including Executive Vice President, Ericsson Group and Head of Ericsson Silicon Valley, based in California, USA.

Mr. Nordberg received degrees in Electronic Engineering from Malmö Tekniska Läroverk in 1978 and as Engineer in the Swedish Marines from Berga, Sweden, in 1980. He has complemented these degrees with courses in International Management and Marketing and Finance at INSEAD University, France.


About BlackBerry

A global leader in wireless innovation, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Asia Pacific and Latin America. Research In Motion announced that effective January 30, 2013, the Company would operate around the world under the iconic name BlackBerry. The legal name of the company has not changed, but the Company will do business as BlackBerry until shareholders vote for the official change at the Company's Annual General Meeting later in 2013. Effective Monday, February 4, 2013, the Company commenced trading under its new ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ.  For more information, visit www.blackberry.com.

Media Contact:
BlackBerry Media Relations
mediarelations@rim.com
+1 519 597-7273

Investor Contact:
BlackBerry Investor Relations
investor_relations@rim.com
519-888-7465

###


Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "expect", "anticipate", "estimate",  "may",  "will", "should", "intend," "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RIM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RIM believes are appropriate in the circumstances. Many factors could cause RIM's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of RIM's Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on RIM's forward-looking statements. RIM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

BlackBerry, RIM, Research In Motion and related trademarks, names and logos are the property of Research In Motion Limited and are registered and/or used in the U.S. and countries around the world. All other brands, names and marks are the property of their respective owners. RIM is not responsible for any third party products or services.

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Sales 2017 1 685 M
EBIT 2017 -67,9 M
Net income 2017 -617 M
Finance 2017 541 M
Yield 2017 -
P/E ratio 2017 -
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EV / Sales 2017 2,05x
EV / Sales 2018 2,03x
Capitalization 3 989 M
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John S. Chen Executive Chairman, President & CEO
Marty J. Beard Chief Operating Officer
James Yersh Chief Financial Officer
Barbara G. Stymiest Independent Director
Vivian Prem Watsa Lead Independent Director
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