BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)’s QNX Cloud Business division might go through some tough times as VP Alex Saunders decides to exit the company, and makes an informal announcement on his personal blog sharing his departure plans. Saunders informed through the blog that he would leave the Canadian firm before November 3.
Will Saunders exit affect BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)?
Though both the parties have given their best wishes to each other, but an important question is still left unanswered. Though Saunders association with BlackBerry is not too long, he has been working in the capacity of the head of QNX Cloud Business division since its inception nine months ago.
Saunders gives credit to his team for the hard work they have put in through the nine months. As many as 1,000 companies have shown their interest in the Project Ion. While it cannot be denied that the team has an important role to play, but the fact is Saunders departure will have a major impact on the division as the present time is very much crucial.
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BlackBerry is counting highly on the services division, hence if an important person like Saunders leaves at a time when the company is going through a turnaround phase it really means a big loss and major challenge for the company to find a replacement that can live up to the expectations set by Saunders.
BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) – Probable reason for the departure
Saunders departure from BlackBerry, also, indicates that there are a lot of tensions within the QNX team. It is also possible that the company’s CEO John Chen could have changed the priorities for the company. There is also a possibility that Saunders was looking for a change after his third stint with QNX.
The fact that there is still some time for Saunders to depart from BlackBerry indicates that he probably won’t be moving to any of the competitors of the Canadian firm. Saunders tweeted that after leaving BlackBerry, he would go for a short vacation and, “then I’ll be looking for my next adventure.”
The news of Saunders departing has been confirmed by BlackBerry. “We wish him the best of luck in his future endeavours,” a spokesperson said. Saunders said that he is leaving with a “light heart,” and gives “best wishes for today’s BlackBerry team.”