'Interim' BlackBerry CEO to continue heading company till turnaround

BlackBerry has reportedly announced that interim CEO John Chen will continue heading the company until it is back on solid financial footing.

Chen was chosen as a temporary chief in last November but BlackBerry has said that the search for his replacement has been put on the backburner for now.

According to The Verge, BlackBerry had hired Chen after he successfully turned around Sybase from the brink of disaster in the early 2000s.

BlackBerry has been seeing tough time surviving in the industry dominated by Apple and Google and despite repeated attempts at selling its Z10 smartphone, even at slashed prices, the company's stocks have continued to sink low.