By Kevin McCauley
Marty Russo, CEO of Cassidy & Associates, has accepted a "generous buyout" and is leaving the Washington lobbying firm Dec. 31, according an internal e-mail from executive chairman Gerry Cassidy.
Russo, a former congressman from Illinois spent 18 years at the Interpublic unit founded by Cassidy in 1975.
Russo's departure comes as C&A slates a restructuring in a bid to rebound from a slump brought on, in part, by the congressional backlash against "earmarks," a C&A specialty.
Roll Call reports that C&A cut 20 percent of its staff this year.
The firm will soon expand its government relations capabilities via the Jan. 1 acquisition of The Rhoads Group, which has strengths in federal marketing, national security, defense and healthcare.
Barry Rhoads is slated to become president of C&A. Cassidy will remain executive chairman.
C&A and TRG are headquartered in the same 13th St. office building in D.C.