Cash-strapped professional services and consulting firm LECG Corp. announced a major executive reshuffling, including the resignation of chief executive and president Steve Samek.
Samek, who became CEO of LECG in early 2010 when it merged in Smart Business Advisory & Consulting, of which he had been CEO, will also resign his board membership at LECG, as will Christopher Gaffney. Executive vice president and chief financial officer Warren D. Barratt will also resign.
Bruce E. Rogoff, president of The Staten Island Group, a restructuring firm, has been appointed the new CEO, president and sole director of the board of LECG.
The firm, which ran into financing difficulties and has been struggling to repay a credit facility, recently sold or announced its intention to sell a number of practice areas to different accounting and consulting firms, including Grant Thornton, WeiserMazars and FTI Consulting.
Prior to running Smart, Samek was chief executive of UHY Advisors from 2006 to 2008. Before that, he spent most of his career at Arthur Andersen, rising to be head of U.S. operations at the firm. He left Andersen in 2001, after failing in a leadership bid.