BlackBerry appoints new CEO

toronto (Uttam Hindu News): BlackBerry has announced the appointment of John J Giammatteo as its new Chief Executive Officer and member of the Board of Directors, with immediate effect.

Richard (Dick) Lynch, who served as interim CEO since November 4, will remain as Board Chairman.

The company also announced that it will separate the IoT and cybersecurity businesses, and they will operate as completely standalone divisions.

BlackBerry said it will no longer pursue an IPO of its IoT business subsidiary.

Mike Daniels, Chairman of the Compensation, Nominating and Governance Committee of the BlackBerry Board, said, “Giamatteo’s deep industry experience and excellent track record of inspiring teams and delivering operational excellence means he is strongly positioned to drive this important transformation of BlackBerry. Are deployed.”

Giammatteo has served as president of BlackBerry’s cybersecurity business unit since October 2021.

He has over 30 years of experience with global technology companies. Prior to BlackBerry, he was president and chief revenue officer at McAfee.

Giammatteo said, “I am excited to lead the next phase of BlackBerry’s growth as CEO. “BlackBerry’s IoT and cybersecurity businesses have market-leading technology, exceptional teams, and massive market opportunities.”

He also served as Chief Operating Officer at AVG Technologies, a leading provider of Internet and mobile security, and held leadership positions with Solera, RealNetworks and Nortel Networks.

Based in Waterloo, Ontario, BlackBerry secures more than 500 million endpoints, including more than 235 million vehicles.