The Executive Committee of the American Bankruptcy Institute’s (ABI) Board of Directors announces that ABI Executive Director Samuel J. Gerdano will be retiring.

“For nearly three decades, Gerdano has tirelessly championed the advancement of the insolvency industry through dedication to ongoing research and study, engagement with all industry stakeholders, and the introduction of ABI’s valuable work to third parties, including the courts and government,” according to the ABI Executive Committee announcement. While currently under contract through 2020, Gerdano will continue as ABI’s Executive Director until a successor is named and a transition is effectuated.

“I want to express my deep appreciation for the honor to work with and benefit from so many extraordinary volunteers over the years, along with our talented professional staff” Gerdano said. “ABI has allowed me to engage with the most impressive thought leaders from the insolvency community and I’m grateful for the chance to support our collective goals and priorities.”

Gerdano has served as ABI Executive Director since May 1991. From 1985 to 1991, he served as the Chief Legal Counsel to Sen. Charles E. Grassley (R-Iowa) and Staff Director for the Subcommittee on Courts and Administrative Practice of the Senate Judiciary Committee. Through this experience, he has been involved in all major bankruptcy policy changes since 1985.

“ABI has benefitted tremendously from the experience and dedication that Sam brought to his role as Executive Director over the years,” said ABI President Alane A. Becket of Becket and Lee (Malvern, Pa.). “He has steered the ABI through many changes in the law and industry and it would not be the premier insolvency organization that it is today without his stewardship.  We will miss Sam’s quiet, strong presence and leadership.”

ABI’s Executive Committee has formed a Search Committee and is working with Sterling Martin Associates to assist in conducting the search.

“ABI has demonstrated great innovation and growth over the last 28 years,” Gerdano said. “I’m very optimistic about ABI’s continued ability to serve our members effectively and provide real value for the next generation.”