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SALT LAKE CITY (AP) -- Following Evans & Sutherland Computer's sale of most of its simulation assets, James R. Oyler has resigned after nearly 12 years as president and chief executive.
The resignation was announced Thursday by the Salt Lake City company's board.
On May 30, aerospace electronics manufacturer Rockwell Collins announced completion of a $71.5 million cash deal to acquire most of the simulation assets of Evans & Sutherland, which specializes in flight simulation products for military and commercial customers.
Rockwell Collins will absorb an estimated 200 Evans & Sutherland employees, and simulation facilities in Salt Lake City; Orlando, Fla.; and the United Kingdom.
That left E&S with a work force of 60 in Utah and 70 in Pennsylvania, where the company's earlier $3.4 million Spitz Inc. acquisition is located. Oyler oversaw both the Rockwell and Spitz deals.
"I am proud of the accomplishments and work that have been done during my time at Evans & Sutherland," Oyler, 60, said, linking the timing of his resignation to a significantly changed strategic focus at E&S with completion of the Rockwell sale.
The board appointed David Bateman, Evans & Sutherland's vice president for business operations, to oversee presidential and CEO duties pending selection of Oyler's successor.
E&S stock closed down 8 cents Thursday at $5.94 a share.
(Copyright 2006 by The Associated Press. All Rights Reserved.)
