BlackBerry names insider Tim Foote as CFO

Canada’s BlackBerry said on Monday Tim Foote will succeed Steve Rai as chief financial officer, effective immediately, as the cybersecurity company looks separate its internet of things (IoT) and cybersecurity businesses.

Foote, who has been with the company for close to a decade, was most recently CFO of the cybersecurity division.

Rai is leaving to pursue other opportunities outside of the company, Blackberry said. Rai has been CFO since 2019.