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John Chen to Retire as Executive Chair and CEO at Blackberry

Home FOCI John Chen to Retire as Executive Chair and CEO at Blackberry
John Chen to Retire as Executive Chair and CEO at Blackberry

John Chen will step down as executive chair and CEO of BlackBerry on Nov. 4. 

Richard Lynch, a current member of the BlackBerry board of director’s compensation, nomination and governance committee, will step in as interim CEO while the company searches for a permanent replacement. 

“I’m proud to have been able to establish BlackBerry’s vision of a trusted, software-defined world and to position the company to unlock value through the separation of our core business units into two separate operating companies,” said Chen. 

Chen, a seasoned executive, joined BlackBerry in 2013. Under his leadership, the Waterloo, Canada-headquartered technology company rebranded itself from a smartphone manufacturer to a cybersecurity software and services provider. 

Meanwhile, Lynch has been a member of the BlackBerry board since 2013. He previously served as executive vice president and chief technology officer at Verizon Communications and Verizon Wireless.

The shift comes a month after the technology company announced that it would separate its cybersecurity and internet of things units and pursue a subsidiary initial public offering for the IoT business.

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