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Good Technology CEO Christy Wyatt leaves BlackBerry

Good Technology CEO Christy Wyatt

BlackBerry completed its $425 million acquisition of Good Technology today. Christy Wyatt, Good’s chairman, president and CEO, will not be part of the transition process.

Spokespeople from both Good and BlackBerry confirmed Wyatt left the company and that her last day was Oct. 30. They provided no details as to why she departed.

“With the final approval of the acquisition, we can confirm that Christy has left BlackBerry,” a BlackBerry spokesperson said. “We wish her the best in her future endeavors.”

Wyatt, who had been at the helm of Good since January 2013, may have received a hefty severance package on her way out the door, according to the S-1 form the company filed to the Securities and Exchange Commission in 2014.

In the event that Wyatt was “terminated without cause” or “terminated her employment for good reason,” she would receive two payouts, each representing 18 months of her base salary, according to the filing — a total of $1.2 million. Additionally, Wyatt would receive 1.5 times her target bonus for the year — it’s not made clear how much that amount would be — plus the prorated amount of her incentive bonus for the year, which would come to to $300,000. Wyatt would be able to exercise vested stock options, the exact amount of which isn’t stated in the S-1 form.

Good Technology and BlackBerry declined to provide details on the nature of Wyatt’s departure.

This post was updated Nov. 3 with information from Good’s 2014 S-1 filing with the SEC.

Ramin Edmond is a news writer in TechTarget’s End-User Computing Media Group. Follow him on Twitter: @TheRealRamin.

Photo (cc) by Stuart Isett/Fortune Brainstorm TECH

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I hope that Blackberry in all their wisdom realise the Good work they are doing pushing customers away from the Good platform. Certainly not filling customers or potential customers with confidence!

I was just about to sign up to good, but I'm steering well clear now that Blackberry have got their damaging claws into it.
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