Head Of Computervision Resigns
BEDFORD, Mass. (AP) _ James R. Berrett has resigned as president, chief executive officer and director of Computervision Corp., and was replaced by Robert L. Gable, vice chairman and chief operatig officer.
In a statement, Computervision said Friday that Berrett, 47, ″was resigning to pursue other business interests.″
Computervision, which makes computer-aided design and manufacturing systems, has suffered a series of financial reverses, layoffs and corporate reorganizations.
Thomas Kurlak, an analyst with Merrill Lynch, said Berrett ″tried to do too many things too fast.″
But Berrett didn’t move quickly enough in dealing with increased competition to Computervision’s product, analysts told The Boston Globe.
Analysts said Gable, 55, is a very able businessman but doesn’t have the reputation of wide-ranging knowledge in the computer-aided design and manufacturing market.