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Wednesday, December 18, 2013

BlackBerry's CEO hires two more of his former colleagues, (NYSE: SAP)

BlackBerry Ltd said on Wednesday it hired two more senior executives who previously worked with its new chief executive officer, bolstering a newly assembled team charged with putting the stumbling smartphone maker back in stride.The pair are part of a growing cadre of familiar talent tapped by John Chen since he joined BlackBerry as CEO last month.Chen built his reputation as a turnaround specialist at Sybase, a database and mobile software company that was eventually acquired by SAP AG, the German software firm. After the deal Chen served as president of SAP's mobile services business to help with the target company's integration.At BlackBerry, James Mackey will take charge of acquisitions as executive vice president for corporate development and strategic planning, while Mark Wilson was named senior vice president of marketing.

Sap AG is engaged in enterprise applications in terms of software and software-related service revenue. Shares of SAP traded higher by 0.86% or $0.7/share to $82.30. In the past year, the shares have traded as low as $69.71 and as high as $84.66. On average, 1107950 shares of SAP exchange hands on a given day and today's volume is recorded at 703457.