Mike feels very confident that Research In Motion is heading in the right direction. He believes so strongly in the company, the products, and the leadership of Thorsten that he has purchased an additional $50 million in company shares. “I am a major shareholder. This company has a strong balance sheet of $1.5 billion. It has strong sales of over $5 billion a quarter. This is a strong organization with a strong global brand, an iconic product and a strong future,” Lazaridis said. “I love the company. I love these employees. They are my extended family.”
Mike appears to be a big supporter and fan of Thorsten too. “I absolutely know he will take this company to new heights," Mike said, later adding “This was the perfect opportunity, and we knew that Thorsten and the executive team were ready” when speaking about RIM's plan for new product launches and the new platform coming this year. He also seems to be looking at the change realistically, noting that in every major company there comes a time when this (change of leadership) needs to happen. “Founder-based companies, if they are successful, they get to this point.”
Mike Lazaridis will remain at Research In Motion in a new role as vice-chair of the board and chair of the board's new Innovation Committee. He hopes to inspire and mentor future young entrepreneurs that will build the next big technology company in Canada. He encourages all Canadians to believe in their country, and never make the mistake of underestimating their abilities or the great institutions they have built.
“Don’t hesitate,” he says to the next generation of entrepreneurs. “If you fail, try again. You can change course, you can change paths, and you can change strategies, but never give up.”
Source: The Record
We may earn a commission for purchases using our links. Learn more.