Resignations
On March 5, 2007, Balsillie resigned his role as chairman of RIM as the firm reported over US$250 million in past stock option accounting errors after an extensive review. He retained his roles as co-chief executive and director.
On January 22, 2012, Balsillie, along with Co-Chief Executive Officer Mike Lazaridis, resigned his position, to be replaced by RIM Chief Operating Officer Thorsten Heins.
On March 29, 2012, Research in Motion announced that Balsillie will be stepping down from the Board of Directors. Balsillie reportedly wanted to continue the existing strategy, while new CEO Thorsten Heins said that a major shift was required.
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