Met Council’s new CEO David Frankel to step down

(JTA) — The CEO who took over at the Metropolitan Council on Jewish Poverty following revelations of financial malfeasance by its leadership is planning to step down.

David Frankel will resign from the New York social service agency before the end of this year, according to a report by the Forward newspaper.

Frankel, a former corporate executive and commissioner in New York City’s Department of Finance, took the reins in August 2013, shortly after longtime CEO William Rapfogel was arrested in an insurance kickback scheme involving millions of dollars. Rapfogel, his predecessor David Cohen and former CFO Herbert Friedman have all pleaded guilty — admitting their involvement in the fraud. Last month Rapfogel was sentenced to 3 1/3 to 10 years in prison.

According to the Forward, Frankel will depart in either September or December. During his tenure, the Met Council was able to reach a settlement with the New York State Attorney General’s Office to unfreeze state funding for the agency in exchange for prosecutorial oversight.

His departure follows conflicts with the Met Council board and the leaders of the local Jewish community councils, the Forward report said.

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