No new BlackBerry CEO for now; John Chen to stay put

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Initially roped in on a temporary basis, BlackBerry CEO John Chen will continue to serve as company’s CEO up until BlackBerry manages to garner financial stability.

It was after former BlackBerry CEO Thorsten Hein’s departure from the company last November when John S. Chen, former Sybase chairman, was named as an interim successor.

He would continue working on as a CEO at BlackBerry Ltd until the company achieves a “solid financial footing”, reported The New York Times. Adam Emery, BlackBerry spokesperson, said “The search for a CEO has been put on the back burner for now.”

“Chen will remain with BlackBerry until the further notice, Emery added.

Previously working as a chairman at Sybase, Chen was credited with turning around the company and then selling it to German software maker SAP. Investors and analysts are excited about his sticking around decision as they believe Chen’s turnaround expertise will help BlackBerry through the turbulent times.

It will be interesting to see whether Chen’s leadership will help the struggling handset maker company to compete with the leading rival companies like Apple and Google or not.