Noel Biderman is to step down from his position as CEO of Avid Life Media, the parent company of infidelity network Ashley Madison.
Avid Life Media revealed Biderman’s departure in a short statement released this Friday. Ashley Madison has been in the headlines for the past week after hackers posted the personal details of users online, writes Adi Robertson for The Verge.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More
Hack exposes questionable practices under former CEO Biderman
“This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees,” reads the statement. “We are steadfast in our commitment to our customer base.”
A new CEO will not immediately be appointed, and “the existing senior management team” will run Avid Life Media until a suitable candidate is found.