08:34 AM EDT, 07/29/2024 (MT Newswires) -- BlackBerry (BB.TO) on Monday announced a series of leadership changes designed to streamline its finance organization as it continues on its strategy to establish two distinct divisions (Cybersecurity and IoT).

Tim Foote has been appointed chief financial officer and will report to CEO John J. Giamatteo.

Foote joined the company following BlackBerry's acquisition of Good Technology in 2015 and brings more than 20 years of experience across a number of senior finance leadership positions.

Foote will succeed Steve Rai, who has decided to pursue other opportunities outside of the company.

BlackBerry anlso appointed Jay Chai as chief accounting officer. Chai has been vice president and corporate controller at BlackBerry since May 2019.

Fraser Deziel has been promoted to corporate controller. Deziel has been with BlackBerry since November 2009 and was most recently senior director of financial reporting and treasury.