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BLACKBERRY HEADED FOR GREENER PASTURES.

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Until BlackBerry is on a solid financial footing, John Chen formally interim CEO appears to be settling fully into the role for long term.

This follows Fairfax’s $250 million injection into the company in the form of a debt purchase. The firm’s largest shareholder is showing increased confidence in the mobile company’s future after having led a group of investors that injected $1 billion into the company last fall.

Fairfax president Paul Rivett endorsed CEO John Chen by pointing out the company has increased potential under the new team assembled by Mr.Chen.

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The current Chief Executive has eased out several directors and is now shaking up the firm’s operations in a quest to up their notch meanwhile; BlackBerry has announced a handset deal with Foxconn.

John Chen’s stay is a positive indication to the investors on a clear future with improved company prospects.

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