BlackBerry Ltd. said Thursday it has reached an agreement with chief executive and chairman John Chen to extend his contract through November 2023. Chen joined the company is November of 2013 and has led a turnaround that has seen the company shed its hardware business to expand into cybersecurity and software. There will be no change to the executive’s compensation, the company said. Shares were slightly higher premarket, and have gained 79% in the last 12 months, while the S&P 500 has gained 15%.
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From:: Stock Market News