Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Davos 2012
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Video
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Obama saw window of opportunity to free hostages
3:56pm EST
Subculture of Americans prepares for civilization's collapse
21 Jan 2012
Iran's Ahmadinejad ups rates to stem money crisis
8:29am EST
Italy captain says was told to approach shore: transcripts
|
4:00pm EST
What the State of the Union means for your wallet
1:38pm EST
Discussed
349
Subculture of Americans prepares for civilization’s collapse
208
Abortion safer than giving birth: study
160
Romney reports tax bill of $6.2 million for 2010-11
Watched
Angelina Jolie fascinated by "bizarre" Republican presidential race
Sun, Jan 22 2012
Aesop's fable brought to life by clever crows
Tue, Jan 24 2012
Obama targets economic inequality
Tue, Jan 24 2012
Profile: Insider is surprise pick as new RIM CEO
Tweet
Share this
Email
Print
Related News
RIM's new leader raises doubts among investors
Tue, Jan 24 2012
Europe's debt woes end golden days at Siemens
Tue, Jan 24 2012
Profile: New RIM CEO dashes hopes for quick turnaround
Mon, Jan 23 2012
RIM stock drops after CEO change
Mon, Jan 23 2012
New RIM CEO eyes consumer push
Mon, Jan 23 2012
Analysis & Opinion
What does the future hold for RIM and Blackberry?
M & A wrap: Takeover talk swirls around BlackBerry maker
Related Topics
Tech »
Media »
iPad »
Related Video
BlackBerry- turnaround or takeover?
Mon, Jan 23 2012
BlackBerry bosses step down
BlackBerry founders no longer top dogs
Breakingviews: RIM unveils anticlimax
By Maria Sheahan
FRANKFURT |
Wed Jan 25, 2012 3:35pm EST
FRANKFURT (Reuters) - Insider Thorsten Heins, the new chief executive at BlackBerry maker RIM, is a surprise choice for those looking for a "transformational" leader from outside to turn around the Canadian group's fortunes.
Tall, soft-spoken and bespectacled, the Gifhorn-born Heins, 54, spent most of his working life at German engineering giant Siemens, where he oversaw a mobile telephone business which faced fierce pricing pressure and quality issues.
An avid fan of NBA basketball team the Miami Heat after having lived in Florida for four years, Heins rides a BMW motorbike when he is not road cycling or embarking on long-distance charity rides.
"We will take this to new heights," said Heins after taking over at Research in Motion from co-CEOs Mike Lazaridis and Jim Balsillie, who finally bowed to investor pressure and resigned. "Innovation is endless, we will have a lot of fun."
Heins spent more than 20 years at Siemens, having joined straight from university in 1984 where he met his wife Petra, a mathematician and physicist. The couple have a 21-year-old son and a 23-year-old daughter.
Heins' German roots were evident when he was asked about his choice of motorcycle. "Of course it's a BMW, I'm German."
By the mid-2000s, he had worked his way up to the helm of Siemens's mobile phone business, so he was no stranger to mobiles when he joined RIM.
The business was sold to Taiwan's BenQ in 2005, after Heins was promoted to the management board of the new Communications business, which was dismantled a year later.
"Unfortunately, it was too late to turn mobile devices because this division was already in a difficult situation, and therefore missed its opportunity to accelerate and improve itself," said Thomas Ganswindt, who was Heins's boss on the Communications board.
Heins was a "very strong" leader and someone "able to recognize what is needed by an ailing business", he said.
In his career at Siemens, Heins worked in R&D, customer service, sales and product management, ending as chief technology officer. He joined RIM in December 2007.
BATTLING APPLE
By the end of a mid-2011 restructuring, Heins was one of two chief operating officers, responsible for sales and for both hardware and software product engineering. "He played key roles in the creation of RIM's product portfolio," the company said.
Activist investors have clamored in recent months for a new, "transformational" leader to compete with Apple's iPhone and iPad and the slew of large-screen and powerful devices from Samsung and others using Google's Android operating system.
RIM marked Heins's ascent to the top role with a seven-minute YouTube video in which the 6 foot 6 inches CEO gave his vision for success with a noticeable German accent.
"He is not very well known outside of the company. He has been working in both Balsillie's and Lazaridis' shadow," said Alexandre Peterc, analyst at Exane BNP Paribas.
"He does strike me as someone who knows the industry very well given his background at Siemens. On the plus side he is a veteran of the industry and he knows his stuff, but that said, his background is very much tech and process orientated as opposed to strategic vision orientated.
"You don't say 'this is the next Steve Jobs' because a Steve Jobs is hard to come by," Peterc said.
"In our view, a CEO with a strong consumer electronics and supply chain background would have been ideal," Shaw Wu, Senior Technology Analyst at Sterne Agee, said.
Most who knew him paid tribute to his leadership skills.
"It is not a job that many people would have taken," said Gartner analyst Carolina Milanesi.
"Thorsten is highly respected in terms of his knowledge of the industry and given that this appears to be a rather sudden turn of events, they needed someone who can quickly takeover the helm," said CCS Insight's Ben Wood.
RIM has been at pains to underline the orderly nature of the handover.
However, one analyst, who asked not to be named because of his relationship with the group, said it was astounding that the COO at a company of this size should have been so invisible to the market and investor community.
He said he had heard previously from executives within RIM that Heins was very highly regarded and that he was very much on top of his brief. "His name came up repeatedly, with regards to people at RIM who really rate him."
As takeover talk swirled and the financial world pondered whether Heins had been appointed to lead a turnaround or prepare RIM for sale, he clearly now is going to have to communicate quickly, get to know investors and raise his public profile.
(Reporting by Maria Sheahan; Additional reporting by Marilyn Gerlach, Nicola Leske, Kate Holton and Paul Sandle)
This story update corrects city of birth to Gifhorn, not Munich
Tech
Media
iPad
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.