ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Tuesday, February 18, 1997 TAG: 9702180099
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
DATELINE: COLUMBUS, OHIO
Robert Massey logged off Monday as top executive of the money-losing computer on-line service CompuServe Corp.
Massey, president and chief executive officer since June 1995, quit to pursue other interests, said a written statement from CompuServe's parent, the income tax preparation company H&R Block Inc.
``Our goal remains a speedy and sustained turnaround at CompuServe and under Bob's leadership, the company has made progress in that direction,'' CompuServe Chairman Frank L. Salizzoni said in the statement.
When asked if Massey's resignation had anything to do with the company's struggles, company spokesman Steve Conway said, ``Not to my knowledge, except the fact that it has been a very tough year this past year. It's been a long year.''
The nation's second largest online service provider with 3.3 million customers has been losing market share to other providers such as America Online. The company lost $88 million in the six months ending Oct. 31 and shut down its family oriented WOW! service Jan. 31.
- Associated Press
LENGTH: Short : 31 linesby CNB