Balsillie to take helm as Wellington Financial's Chairman
It has been a few months since I broke any news (see prior post “$100M+ acquisition of Dayforce in the works” Dec 19-11), so I thought I would give our loyal blog readers a jump on a release that won’t be out until tomorrow. Jim Balsillie, former Co-CEO of Research in Motion (RIM:TSX), has agreed to join our firm as Chairman. As you can imagine, he’s a pefect fit for our organization. His drive and entrepreneurial spirit will be a fabulous resource for our portfolio companies, and his experience through the past 20 years at RIM covers every question that a start-up CEO might want to pose.
We are delighted, although we had to wait until he stepped down from the RIM board before it could be official. He will go down in history as one of Canada’s greatest entrepreneurs, and we are lucky to have him.
The rest of the details will be in tomorrow’s press release. Until then….
MRM
(disclosure – I own RIM)
Not nearly as breathtaking as your KOL note from previous year but still a bit stunning at first read.
I see the analysis of your returns was posted on April 2, unlike this note.