BEAVERTON, Ore. -- Summit Design Inc. announced today that Rich Davenport,its president and chief operating officer, resigned his positions with the company
at the end of February.
William V. Botts, Summit Design's chairman and CEO, will continue as the
company's managing executive pending conclusion of the planned merger with
Viewlogic Systems Inc. Davenport has been retained as a consultant to Summit
undertaking special projects and support to integration of the merged companies
once the merger has been concluded.
Davenport had been active with Summit Design and SimTech, a company he
founded that was acquired by Summit in 1997, for over nine years. He planned to
scale back his activities as the merger was completed. Today's change was in light
of the proposed combination of Summit with Viewlogic. Viewlogic's CEO will
become the combined company's CEO.