BlackBerry appoints John Giamatteo as CEO, will separate IoT and Cybersecurity units

BLACKBERRY Ltd

John Giamatteo, former President of Cybersecurity, appointed CEO effective Dec 11, 2023; Dick Lynch remains Board Chair.
BlackBerry will fully separate IoT and Cybersecurity into standalone divisions, abandoning planned IoT subsidiary IPO.
Company to separate central functions, aim for profitable independent units; engaging consulting firm for assessment.
Giamatteo receives $700k base salary, $2.7M RSUs, $3.3M PSUs, and $350k special bonus tied to separation milestones.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.