J. Michael Berry, chief manager of the Resolution Trust Corp.'s West Coast office, will soon be replaced by a new director, marking the fourth change in the regional operation's top management in the past 14 months.
RTC officials said a new director has been chosen for the Costa Mesa office, but the person's identity is not being released pending approval of agency officials in Washington. Approval is expected within the next few weeks.
Berry's reassignment comes after the recent resignation of two top deputies: J. Alan Blodgett, deputy director of asset and real estate management, and Dale Duncan, deputy director of operations and administration.
Sherwin Koopmans, director of the RTC's Western regional headquarters in Denver, dismissed reports of differences between Berry and his superiors, describing Berry as a "valuable" member of the management team. "He plans to stay on and we want him to stay on, either in the coastal office or elsewhere," Koopmans said.