This page has been archived and commenting is disabled.
Wal-Mart CEO Quits, Blackberry COO And CMO Get The Boot
Yet another case of rodents departing a sinking ship as the pent up discrepancy between reality and future expectations means imminent scapegoating of executives for poor performance:
- WAL-MART STORES NAMES DOUG MCMILLON CEO, SUCCEEDING MIKE DUKE
- BLACKBERRY SAYS ROGER MARTIN RESIGNS FROM BOARD
- BLACKBERRY SAYS COO, MARKETING CHIEF TO LEAVE; REPLACES CFO
You decide... The press releases are mind-blowingly full of fluff.
BlackBerry Announces Management and Board Changes
BlackBerry, a world leader in mobile communications, today announced that as part of the on-going reorganization of BlackBerry, Kristian Tear, the Company's Chief Operating Officer, and Frank Boulben, the Company's Chief Marketing Officer, will leave the Company. BlackBerry also announced that James Yersh will replace Brian Bidulka as its Chief Financial Officer. Yersh, who has worked at BlackBerry since 2008, previously served as Senior Vice President, Controller and as the Company's head of Compliance. Bidulka will stay on as a special advisor to the CEO for the remainder of the fiscal year to assist with the transition.
"I thank Kristian and Frank for their efforts on behalf of BlackBerry. I look forward to working more directly with the talented teams of engineers, and the sales and marketing teams around the world to facilitate the BlackBerry turn-around and to drive innovation," said John Chen, Executive Chair and CEO of BlackBerry. "I also thank Brian for his eight years of dedicated service to BlackBerry. I look forward to working with James and his Finance team as we move forward, execute on our plans and deliver long-term value for our shareholders."
Chen added, "BlackBerry has a strong cash position and continues, by a significant margin, to be the top provider of trusted and secure mobile device management solutions to enterprise customers around the world. Building on this core strength, and in conjunction with these management changes, I will continue to align my senior management team and organizational structure, and refine the Company's strategy to ensure we deliver the best devices, mobile security and device management through BES 10, provide multi-platform messaging solutions with BBM, and expand adoption of QNX embedded systems."
BlackBerry also announced today that Roger Martin, a Board member since 2007, has resigned. "Our Board has benefitted from Roger's expertise and insights over the past six years and we wish him the best," said Barbara Stymiest, Board Member and Former Chair of the Board.
James Yersh has more than 15 years of experience in the technology and telecommunications industries. Yersh previously served as the Senior Vice President, Controller and head of Compliance for BlackBerry. Prior to joining BlackBerry in 2008, he held various senior positions at Cognos Incorporated and Deloitte.
Doug McMillon Elected New Chief Executive Officer of Wal-Mart Stores, Inc.
Mike Duke retires as CEO after delivering strong financial performance and developing building blocks that position the company for continued success
Wal-Mart Stores today announced that its board of directors elected company veteran Doug McMillon, 47, to succeed Mike Duke, 63, as president and chief executive officer, effective February 1, 2014. McMillon was also elected to the company's board of directors, effective immediately.
"This leadership change comes at a time of strength and growth at Walmart," said Rob Walton, chairman of Walmart's board of directors. "The company has the right strategy to serve the changing customer around the world, and Doug has been actively involved in this process. The company has a strong management team to execute that strategy."
Walton continued, "Doug is uniquely positioned to lead our growing global company and to serve the changing customer, while remaining true to our culture and values. He has broad experience – with successful senior leadership roles in all of Walmart's business segments – and a deep understanding of the economic, social and technological trends shaping our world. A merchant at heart, Doug has both a long history with our company and a keen sense of where our customers globally are heading next. He has also shown strong leadership on environmental sustainability and a commitment to using Walmart's size and scale to make a difference in the lives of people, wherever they might be."
"The opportunity to lead Walmart is a great privilege," McMillon said. "Our company has a rich history of delivering value to customers across the globe and, as their needs grow and change, we will be there to serve them. Our management team is talented and experienced, and our strategy gives me confidence that our future is bright. By keeping our promise to customers, we will drive shareholder value, create opportunity for our associates and grow our business."
"Mike put in place the building blocks for the next generation Walmart and today the company is stronger, more global and more unified across all our stores, mobile and online," said Walton. "He also reinvigorated the productivity loop and delivered strong financial performance. During his tenure the company made critical investments in talent and technology to expand Walmart to even more customers globally and stepped up its progress on social and environmental issues. Mike also has a strong commitment to diversity, and has been especially engaged in advancing women throughout organization. He set a tone at the top to never be satisfied, to always accelerate and do better, while remaining true to the culture that has been core to the company's success."
"This is a great company and it has been an honor to help advance Sam Walton's vision of giving people around the world a better life," said Duke. "Our associates make it all possible and I've learned so much from them. No matter where I traveled, our associates continued to inspire me with their commitment to living our values, serving our customers and taking care of each other."
Duke will continue serving as chairman of the executive committee of the board and, in the tradition of his predecessors, stay on as an advisor to McMillon for one year. The company plans to make an announcement on McMillon's successor as CEO of Walmart International by the end of the fiscal year.
- 6565 reads
- Printer-friendly version
- Send to friend
- advertisements -


Let the head chopping begin! If only we would do the same for the White House!
[quote] BlackBerry, a world leader in mobile communications,... [/quote]
Something wrong with the veracity of that statement...
I still like Wal-Mart....
BUT SHOPPING THERE IS LIKE SHOPPING AT AN OLD FOLKS HOME! DEMENTIA INCLUDED!!
Seriously....it is like they hold a job fair AT THE RETIREMENT HOME!!
Old folks home? Are you kidding me?
More like fat asses with food stamps.
"fat asses with food stamps"....lol....that is a great name for a band!!
Those are the customers, but the help gets bused in from the nearby retirement home! They are sure nice, IF YOU HAVE ALL DAY TO GET A HALF POUND OF TURKEY!
You wait forever at the "deli" counter and THEN they take 1/2 hour to slice up a half pound of cheese. I think they forget half way through what they were doing!!
Sure are nice and talkative though!
I bought my socks and underware at Walmart. Very nice store. You go in, get your shit, You come out.
At the Wal-Mart near me, the greeters don't greet, nor do they do anything productive. They just sit on their fat asses and look stupid. Wal_Mart will get rid of greeters within six months and call it reorganization.
I hate Wal-Mart with a passion, but I use them because they're nearby, gave me $1000 line of credit (which I use and pay off in full every month) and their prices are generally lower than at the greedy grocery store, in my case, Wegman's.
Edit: I spend less than $50 a month at WallyWorld, and almost all of it is on food.
East Syracuse?
I'm willing to pay a premium at places like Wegman to avoid the "shopping experience" at Walmart. I agree that Walmart will get rid of their greeters, because they are being undercut by the dollar stores. Wealthy people avoid Walmart to avoid the EBT crowd that shops at Walmart. The EBT crowd can get things even cheaper at the dollar stores. Walmart is caught in the middle pleasing neither end of the spectrum. They will need to cut costs even more to try to change the dynamic.
How many former Wal-Mart customers are now jobless(or underemployed) because WMT mercilessly pressured their vendors to cut costs and offshore their production? How many of those now know the why of their plight?
Granted I know WMT weren't the only ones doing this, but with their size they led the pack in the 1990s.
Bullseye!
"How could I possibly cut my own throat? My knife is on the other guy's throat!"
( Hint: Where is the other guy's knife? )
yep. In 2004 when the trade quotas with China for textiles were eliminated in January of that year, some 18,000 workers in the US textiles industry lost their jobs within 4 months .... I thought there might a blip of protest somewhere ... nope even crickets were quiet. But of course but then we were fighting the terraists over there so we don't 'have to ' fight the terraists that are profitting right here in the good 'ol USA
They would pressure a supplier, e.g. Porter Cable, to make a Wal-Mart only version of the tool, but with cheaper components and thus a cheaper price point; while retaining their original high-quality stuff but selling it through other channels. If the company bought that idea, then within a year or two, their regular line of business would collapse and the goodwill that the company had built would go under since the cheap crap was affiliated with their brand. Then the company would be captive to Wal-Mart, being the main driver of their profits.
Comparing Wal-Mart with Wegmans??
ROFL!
-2/10 :troll:
I hate Walmart too but with about a 25% discount on most brand name groceries, it is the necessary evil.
Greeters are there for shrink control, not to greet
Seriously? They think their problems can be solved with new management, and ignoring crappy products and that everyone is broke? Wal*Mart admits most of their business is basically trading for govt handouts, and Blackberry has a fading product. Come on now.
Providing the cheapest stuff to the poorest customers ... and the customers are still too poor to buy from them! I guess the end point will be when they stop importing goods because they can make greater profits by selling to the Chinese. "Good news everyone, I found a huge customer base and a great way to cut shipping costs!"
I submitted my resume to BBRY for COO. 'Not like I could do any worse' was my objective line.
Progress in America will be the day WalMart files for Chapter 11
Biggest threat to Walmart is that poor people, their primary customer base, are increasingly unable to afford to own their own cars. Dollar stores are smaller and are springing up within walking distance of their poor person customer base. So, someone who can either ride the bus to walmart or walk a block to the dollar store where prices are cheaper will probably choose the dollar store.
they're already on it with their new smaller urban stores
Wlamart needs police in their stores. They are getting dangerous where I live.
Walmart has been the poster child for dangerous for decades to the former American way of life with their business model. Unfortunately most people cannot recognize such danger because the smiley face fools them. The statistical difference between the danger of a physical threat and a economic danger is gigantic with the economic danger far more significant however unrecognized as such./
Concealed carry.
"serve the changing customer"
Dance with the ones that brung ya WMT bitchez...or you're doomed.
re: "help advance Sam Walton's vision"
Bullshit! That was dropped not long after Sam assumed room tempature.
What good is Blackberry's "secure communications" when the NSA can read everything anyway? Obama used to use a Blackberry... Secret Service ripped that out of his hands on Day 1 of his presidency because it was "not a secure device." We shoulda known way back then.
Gimme my Android and read everything you want. You'll find nothing important in there. Not a single account number, password, not even my vacation plans or travel schedule.
One has to wonder if gold can even be had in large amounts.
Sure paper gold is available but could a billionaire actually get say a ton for $ 50 mil or so?
Let us know. I'm a tad short of that kind of dough at the moment or I'd do it myself.
Anyone that understands the economics of theft as created by the FedRes and their government puppets will understand that Walmart is a creature of the FedRes. Sort of like Walmart is Godzilla, but the "radiation" that created the mutant is the FedRes's printing/theft.