BlackBerry appoints Tim Foote as CFO; Steve Rai departs effective July 29, 2024

BLACKBERRY Ltd

Tim Foote, formerly CFO of Cybersecurity division, named CFO; base salary $400K, bonus target 75%.
Steve Rai resigns to pursue other opportunities; will stay as advisor through Sep 30, 2024.
Jay Chai promoted to Chief Accounting Officer (new role); Fraser Deziel named Corporate Controller.
Leadership changes align with strategy to operate Cybersecurity and IoT as separate divisions.
Rai's departure not due to any disagreement with strategy, operations, or policies.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jay Chai

Senior Vice President and Chief Accounting Officer

BB · BLACKBERRY Ltd

Effective: 2024-07-29
Filed: July 29, 2024, 7:59 PM ET

The Company has also appointed Jay Chai, age 47, to the newly-created role of Senior Vice President and Chief Accounting Officer (“CAO”) with effect as of July 29, 2024.

Appointed

Tim Foote

Chief Financial Officer

BB · BLACKBERRY Ltd

Effective: 2024-07-29
Filed: July 29, 2024, 7:59 PM ET

the Board of Directors of the Company has appointed Tim Foote, age 44, to replace Mr. Rai as CFO with effect as of July 29, 2024.

Departed

Steve Rai

Chief Financial Officer

BB · BLACKBERRY Ltd

Effective: 2024-07-29
Successor: Tim Foote
Filed: July 29, 2024, 7:59 PM ET

Steve Rai, the Company’s Chief Financial Officer (“CFO”), intends to leave the Company to pursue other opportunities

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Chai was appointed as Senior Vice President and Chief Accounting Officer at BLACKBERRY Ltd.

Action: appointed
Role: Senior Vice President and Chief Accounting Officer

Exact text from the filing

The Company has also appointed Jay Chai, age 47, to the newly-created role of Senior Vice President and Chief Accounting Officer (“CAO”) with effect as of July 29, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tim Foote was appointed as Chief Financial Officer at BLACKBERRY Ltd.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Board of Directors of the Company has appointed Tim Foote, age 44, to replace Mr. Rai as CFO with effect as of July 29, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Rai resigned as Chief Financial Officer at BLACKBERRY Ltd.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Steve Rai, the Company’s Chief Financial Officer (“CFO”), intends to leave the Company to pursue other opportunities

View on SEC.gov

BLACKBERRY Ltd filing history →

Source: SEC EDGAR

accession 0001070235-24-000102

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