Chicago-based Internet professional services firm Leapnet on Nov. 21 announced that Frederick A. Smith, 46, had resigned as chairman and a director, effective Nov. 17. Mr. Smith was not available for comment. A Leapnet spokeswoman says he "hasn't shared his future plans with us." She says Mr. Smith, a co-founder of 7-year-old Leapnet and its second-largest shareholder, left on amicable terms. The board named Robert M. Figliulo, vice-chairman and CEO, to succeed Mr. Smith. Mr. Figliulo, 46, will continue as CEO. Mr. Smith's departure comes on the heels of Leapnet's May merger with Oak Brook, Ill.-based consultant and systems integration firm SPR. "At the time of the merger, we both felt we would continue to run the company," Mr. Figliulo says. "But it was difficult to complete the integration of the companies with two senior executives at the helm." Mr. Figliulo says his appointment doesn't signify any strategic change for the company, which is focused on developing and implementing online advertising and Internet solutions for Fortune 1,000 companies.
Copyright November 2000, Crain Communications Inc.