RIM Rethinks CEO and other Decision-Making Positions for 2012

If various rumours are to be believed then Research in Motion will be reshuffling their leadership and appointing a new chairman. Further, co-CEOs Mike Lazaridis and Jim Balsillie might also relinquish their current positions in the company's board.

Sources familiar with this matter commented that Barbara Stymiest, the independent director who became a part of company's board in 2007, has high a possibility of being appointed chairman, reports the National Post.

It has also been reported that seven independent directors of the company board which also includes Stymiest are analysing the structure of the board and are considering the various benefits of replacing the lead director with an independent chair and also the "business necessity" to have significant board titles.

On January 31st, the independent directors will be release their reports. The nine board members will respond to the recommendations made in the reports within the next 30 days.

RIM had a very rough year and it seems that rival companies are actually doing far better making BlackBerry lose its relevance in the global market.

Hopefully, the new corporate changes will help the company regain the position that it had before Apple and Android powered devices dominated the market.