Blackberry has been going through a lot of difficulties in recent years and its problems don't seem to end as two top vice presidents have handed in their resignation letters.
Chris Wormald and Rick Constanzo, the company's vice presidents for strategic alliances and global sales respectively, have decided to leave the company.
Both of these vice presidents have working for Blackberry for a large part of their professional careers. In fact, Wormald started out as an intern in the company way back in 2000. Constanzo, on the other hand, started out as Blackberry's vice president for commercial operations in Europe back in 1999.
Within the last month, Blackberry has lost a number of high ranking executives, including Chief Marketing Officer Frank Boulben and the Chief Operating Officer Kristian Tear. Mark Cameron, director of global public policy at BlackBerry, will also be leaving the company to join PR firm Hill & Knowlton. Cameron had joined BlackBerry as a mid-level executive in early 2011.
Additionally, Blackberry's Chief Financial Officer Brian Bidulka has also announced his intention to leave. However, Bidulka has decided to remain as a special adviser to help out John Chen, the company's interim CEO. Chen has been the company's interim CEO since former CEO Thorsten Heins was dropped from the roster earlier this month. In addition to serving as Blackberry's interim CEO, Chen also serves as the company's executive chairman of the board.
Given the fact that Blackberry has been going through a tough time with its former crop of executives, it is not surprising the Chen has accepted the resignations. Chen may be planning on hand-picking a new team of executive who can help him salvage the struggling company before it's too late.
Blackberry used to be the leader in smartphone manufacturing. However, failure to innovate and to compete with its rivals Apple, Google and Samsung has led to decreasing sales. In addition to this, the company has also released a string of products that have failed to gain significant market share, leading to huge losses for the company.
While many of the company's top executives are leaving the fold, a large part of Blackberry's workforce will also be forced to follow suit. The company announced last September that they will need to let go of around 4,500 people, which constitutes approximately 40 percent of the company's total employees.
Shares of BlackBerry closed down 1.45 percent at $6.11 on the NASDAQ on Tuesday. The company's shares have plunged nearly 50 percent year to date.
