BlackBerry’s CEO John Chen recently clarified that he does not have any intention to sell the company. Chen joined the company in November 2013 and has since been taking steps to increase BlackBerry’s market share in the smartphone industry.

Today, BlackBerry announced Sim has departed the company.

The new executive wasn’t available for interviews, the BlackBerry spokeswoman said. Contrary to this however, Mr. Chen maintains that BlackBerry phones are still preferred by consumers who value security and privacy. “Then, if there is a potential proper suitor that would take care of our customers…”

The company is also widely expected to debut a new Android-based smartphone before the end of the year to try to boost its hardware sales.

While the software department of BlackBerry may be doing good, the company’s handsets are still lackluster and unable to compete with rivals. According to Mr. Chen these customers include certain large size companies.

BlackBerry Chief Executive Officer John Chen has built his turnaround plan around a software growth strategy, hoping sales from device-management software and fledgling areas like the so-called Internet of Things can replace BlackBerry’s traditional service fee structure and falling revenue from smartphone sales.

Over the past few years, there have been rumors that BlackBerry was looking to be acquired. In its latest quarter, revenue tumbled 32%, despite reporting a slightly stronger profit.

The CEO noted that pursuing a sale of BlackBerry’s assets doesn’t make any logical sense.