Retiring RIM founder has no plans to sell stake
Retiring co-founder of BlackBerry maker RIM says he has no plans to sell his significant stake
TORONTO (AP) -- Research In Motion co-founder Mike Lazaridis say he has no plans to sell his significant interest in the BlackBerry maker now that he's retiring as vice chairman and director.
Lazaridis said in an interview with The Associated Press on Thursday that having fulfilled a commitment to the board, he has decided to retire after 29 years with the company.
He says he is leaving RIM in good hands. According to FactSet, Lazaridis is the second biggest shareholder with a 5.7 percent stake.
He and Jim Balsillie had stepped down as co-CEOs in January 2012 after several quarters of disappointing results. Thorsten Heins, the chief operating officer, took over and spent the past year cutting costs and steering Research In Motion Ltd. toward the launch of new BlackBerry 10 phones.
