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R. Steve “Rick” Lutterbach, the entrepreneurial force behind The Leap Group and architect of the company’s stock offering, officially stepped down last week as chairman and chief executive officer due to lingering health problems from injuries suffered in an auto accident.
Lutterbach will remain on The Leap Group’s board of directors.
He departs as Leap announced a profit of one cent per share for the quarter ending Jan. 31 on revenues of $11.4 million. Leap reported a loss of 22 cents per share the previous quarter.
Replacing Lutterbach as chairman and CEO is Fred Smith, a Leap founder, who has been acting CEO since Lutterbach was injured in August.
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