Richard Goldman resigned as president, CEO and chairman of ForstmannLeff, two weeks after reaching an agreement for the firm's employees to buy out the remaining stake of the company from its majority shareholder. Mark Bergen, CFO and COO, will assume the "day-to-day" responsibilities of running the firm, said Mr. Goldman. However, ForstmannLeff will not officially fill the president and CEO position; those responsibilities will be assumed by Mr. Bergen and members of ForstmannLeff's management board. Mr. Goldman, who will retain an undisclosed equity stake in the firm, said he will assist in the transition. After reaching an agreement to purchase the remaining stake of the firm from Phillip Bennett, the former CEO of Refco Group Holdings, which owned 65% of ForstmannLeff, Mr. Goldman said he felt it was time to step down. "When I started here, my focus was on rebuilding the business, its brand name and its reputation," said Mr. Goldman, who joined ForstmannLeff from Deutsche Asset Management in 2003. "Since then, we've brought in multiple investment people, doubled the assets under management and created an entrepreneurial environment to position the firm for future growth." The firm has roughly $4 billion in assets under management.