In a recent filing with the Securities and Exchange Commission, BlackBerry Limited (NYSE: NYSE:BB) announced that board member Laurie Smaldone Alsup will not seek re-election at the upcoming annual and special meeting of shareholders. Dr. Smaldone Alsup, who has been a part of BlackBerry's Board of Directors since June 2015, will serve out her current term until the meeting on June 25, 2024.
The decision by Dr. Smaldone Alsup to leave the board was not due to any disagreements with the company regarding its operations, policies, or practices, as per the statement in the filing. Her departure marks the end of a nearly decade-long tenure with the company.
Looking ahead, BlackBerry has expressed its intention to nominate Lori O’Neill for election to the Board at the Annual Meeting. Ms. O’Neill brings a wealth of experience as a corporate director and independent financial consultant to growth companies. Her background includes over 24 years at Deloitte LLP, and she currently serves as a director for Constellation Software Inc. and Calian Group Ltd.
The transition comes at a time when BlackBerry continues to evolve its business strategy. The company, once known for its dominant position in the smartphone market, has shifted its focus towards enterprise software and the Internet of Things (IoT).
The information provided in this article is based on a press release statement from BlackBerry Limited. The nomination of Ms. O'Neill is subject to shareholder vote at the forthcoming annual meeting, where the company will finalize the composition of its Board of Directors.
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