BlackBerry’s John Chen will depart as CEO amid plans to split business

BlackBerry, the little device from Waterloo, Ont., was the first mobile device to put email in users pockets, at a time when cell phones were the size of bricks – May 31, 2017

In recent months, he was working on dividing BlackBerry’s cybersecurity operations from its internet of things business, which he planned to take public.The company also told shareholders in May that it was exploring a range of strategic alternatives to enhance the value they derive from the business, dubbing the review “Project Imperium.

Chen said he joined the company with three key priorities: to repair BlackBerry’s financial health as it was “just days away from potential bankruptcy”; to establish a new strategy for the company; and to set it up for long-term growth.

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