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Posted 02 November, 2023

BLACKBERRY Ltd appointed Richard (Dick) Lynch as new CEO

NYSE:BB appointed new Chief Executive Officer Richard (Dick) Lynch in a 8-K filed on 02 November, 2023.


  (c) In addition, on October 30, 2023, the Company announced that Richard (Dick) Lynch, 75, will succeed Mr. Chen as Chair of the Board and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent Chief Executive Officer.  

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Overview of BLACKBERRY Ltd
Technology • Software
BlackBerry Ltd. engages in providing intelligent security software and services to enterprises and governments. The firm leverages artificial intelligence and machine learning to deliver solutions in the areas of cyber security, safety, and data privacy solutions, and also focuses on the areas of endpoint security, endpoint management, encryption, and embedded systems. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.
Market Cap
$1.57B
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Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(b) On October 30, 2023, the Company announced that John Chen, Executive Chair of the Board of Directors (the "Board") and Chief Executive Officer of BlackBerry Limited (the "Company"), will retire from his roles at the Company effective November 4, 2023. Mr. Chen's retirement is not the result of any disagreement with the Company on matters related to its strategy, operations, policies or practices.


(c) In addition, on October 30, 2023, the Company announced that Richard (Dick) Lynch, 75, will succeed Mr. Chen as Chair of the Board and will also serve as Interim Chief Executive Officer while BlackBerry completes its search for a permanent Chief Executive Officer. Mr. Lynch has served as a director of the Company since 2013 and been President of FB Associates, LLC since 2011. Previously, Mr, Lynch served as Chief Technology Officer of Verizon Communications and Verizon Wireless.


The Company has not entered into a material compensatory arrangement with Mr. Lynch, separate from his compensation as a member of the Board, in connection with his role as Interim Chief Executive Officer. There are no arrangements or understandings between Mr. Lynch and any other persons pursuant to which Mr. Lynch was named an officer of the Company. Mr. Lynch does not have any family relationship with any of the Company's directors or executive officers and has no direct or indirect material interest in any transaction required to be reported under Section 404(a) of Regulation S-K.


A copy of the press release containing the announcement is filed as Exhibit 99.1 and incorporated herein by reference.