The Globe and Mail reports in its Tuesday edition that BlackBerry chief financial officer Steve Rai has left the company, the latest in a series of high-level exits by loyalists of former chief executive officer John Chen since his departure last November. The Globe's Sean Silcoff writes that Mr. Rai has been replaced by Tim Foote, CFO of BlackBerry's cybersecurity division. Mr. Foote, who has also led investor relations and international finance operations for BlackBerry, joined the Waterloo, Ont., company in 2015 when it acquired his former employer, Good Technology. BlackBerry announced two other internal promotions Monday. Jay Chai has been elevated to chief accounting officer after serving as vice-president and corporate controller for the past five years. Fraser Deziel, a 15-year company veteran in the finance department, will replace Mr. Chai as corporate controller. Mr. Rai joined BlackBerry in 2014 in a similar capacity, a year after Mr. Chen became CEO. At the time BlackBerry was contending with a rapidly dwindling smart phone business and soon began to transform into a pure software company that is today focused on cybersecurity, connected cars and mobile device management for corporations and governments.
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