Jim Balsillie and Mike Lazaridis have each stepped down from their co-CEO positions amid growing turmoil in the company and fears it won’t be able to rebound itself in time. They are replaced by one of RIM’s two COOs, Thorsten Heins. Additionally, another board member, Barbara Stymiest, has replaced them as chairwoman of RIM’s board. Lazaridis is now the vice chairman on the board and Balsillie also remains on the board, but “without any “operational role,” according to Bloomberg. Both will retain significant shares in the company.

If this would have happened 2 years ago, maybe it wouldn’t have been too late. But now…

Not to mention that the new guy, Thorsten Heins, also doesn’t look like a good prospect for the future.