Blackberry quickly lost dominance as the leading smartphone maker as the popularity of the iPhone surged. The much-hyped BlackBerry 10 system, its latest phones, was a flop. The company disclosed in September that it would book nearly a billion dollars in losses related to unsold phones.
The company recently announced 4,500 layoffs, or 40 percent of its global workforce, and reported a quarterly loss of nearly $1 billion.
BGC analyst Colin Gillis said the reshaping of a leadership team is what a CEO does and that the company should just name Chen as CEO.