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Two More RIM Executives Depart

Research In Motion has lost two more important board members, as Alan Brenner, Senior Vice President and Alistair Mitchel, Vice President of BlackBerry Messenger, have announced their resignation.

Tenille Kennedy, one of RIM's spokesmen, stated Tuesday that Brenner will depart after a short transition period, while Mitchell has already left the company.

This comes as another big hit for the Canadian-based company, with Jim Balsillie, RIM's former co-CEO, resigning from the board last month.

Although officials have omitted to announce their motives, some may blame RIM's disappointing earnings reports, the recent plans of changing how the company approaches the market and of course, the possibility of a complete sale.

Thorsten Heins, the company's current Chief Executive Officer, stated last week that the RIM will shift its priorities from consumer-target products towards business clients.

The telecom company based in Ontario has reported disappointing figures for the fourth quarter, with the share of smartphone market dropping down to 8.2 per cent from 14 per cent.

Also RIM has seen a significant 77 per cent share drop in its shares with the stocks reaching only $7.98 on Tuesday.

Analysts claim RIM could be the next Nokia, and only a smart move would help them recover properly. The company has also considered getting acquired by another entity and although this is not their main focus, it may prove to be the wisest.

Source: Bloomberg (opens in new tab)