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BlackBerry Names Cybersecurity Chief CEO, Confirms Plan to Separate IoT and Cybersecurity Businesses

BlackBerry will no longer pursue an IPO of its Internet of Things business

BlackBerry Ltd. said Monday it has named John J. Giamatteo, head of its cybersecurity business since October of 2021, as its new chief executive, effective immediately.

Giamatteo, who has previously worked at McAfee and internet and mobile-security provider AVG Technologies, will replace Richard Lynch, who was interim CEO since Nov. 4, when former Chief Executive John Chen announced plans to retire.

The Waterloo, Ontario-based company also said it still plans to separate its Internet of Things and cybersecurity divisions into standalone businesses, but would no longer pursue a subsidiary initial public offering of the IoT business.

Read the rest of the story at MarketWatch, here.

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Homeland Security Today
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.
Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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