Skip to main content

One of BlackBerry Ltd.’s top executives is stepping down less than a year into the job.

Bryan Palma joined BlackBerry as president and chief operating officer last January from Cisco Systems Inc. Previously, he was Boeing Co.'s vice-president of cyber and security solutions. BlackBerry announced Mr. Palma’s exit after markets closed Monday, saying he “has decided to leave the company to pursue other opportunities.”

Reporting to CEO John Chen, Mr. Palma ran the company’s internet-of-things business, overseeing both its secure connected-device software and its BlackBerry Technology Solutions Group, which includes connected-car software group QNX.

Story continues below advertisement

Both of those segments have been crucial to BlackBerry’s move away from smartphones under Mr. Chen’s turnaround plan. But the company’s stock hit a 16-year-low in early October as analysts slashed price targets and investors showed wariness about its performance in enterprise software, where it faces stiff competition from firms such as Microsoft Corp.

BlackBerry announced it was buying the California predictive cybersecurity company Cylance a year ago, which Mr. Chen said in March completed the company’s evolution "from a portfolio of strong assets to an enterprise security company.” Cylance now operates as its own division within BlackBerry, headed by its founder Stuart McClure.

The internet-of-things division, which investors had been disappointed in, is also focused on security, but from the perspective of secure data transmission. Its QNX connected-car technology is now used in more than 120 million vehicles.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies