Co-CEOs Resign at RIM

RIM announced that Mike Lazaridis and Jim Balsillie have resigned as Co-CEOs & Co-Chairmen of the company. Lazaridis will stay on the Board as Vice Chairman and Balsillie will serve as a Director. In response to the resignations, the company has named COO Thorsten Heins as CEO of the company. Prior to joining RIM in 2007, Heins served as the CTO of Siemens' Communications Division. Barbara Stymiest, a Board Member since 2007, has been named as the company’s new Independent Chairman.

Cisco Hires SVP for New Division

Cisco announced that it has hired Chris Young to serve as SVP of the newly formed Cisco Security Group. Young comes to Cisco from VMware, where he was the SVP & GM of End User Computing. At VMware, he was responsible for strategy, products, engineering, and delivery for all end user computing solutions. Prior to joining VMware, Young was SVP at RSA, the security division of EMC. He also sits on the Board of Directors for Rapid 7, a provider of security risk intelligence solutions.