BlackBerry strengthens board with two wireless industry veterans
Published on Feb 8, 2013 6:17 AM
TORONTO (REUTERS) - BlackBerry named two wireless industry veterans to an expanded board of directors on Thursday, seeking to allay some investor concern around the level of industry experience it has on its board.
The smartphone maker has struggled in the last three years, bleeding market share to nimbler rivals with faster and snazzier devices.
Shareholders reelected its board nominees at the last annual meeting in Waterloo, Ontario in July. But some investors said they disapproved of the board's performance and the percentage of withheld votes for its long-time directors jumped sharply.
BlackBerry said its new board members are Mr Richard Lynch, a former long-serving executive at United States (US) wireless carrier Verizon Communications, and Mr Bert Nordberg, a former chair of Sony Mobile and one-time president and chief executive officer of Sony Ericsson.
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