You can be on Entrepreneur’s cover!

Ashley Madison CEO Is Stepping Down Not entirely unexpected.

By Laura Entis

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Bobby Yip | Reuters

Noel Biderman, the chief executive officer of Ashley Madison's parent company Avid Life Media Inc. is stepping down – effective today, the company announced. Until the appointment of a new CEO, Ashley Madison, which is not shutting down, "will be led by the existing senior management team," Avid Life Media said in a blog post.

Ashley Madison, an extramarital online dating site, has been in the spotlight for more than a month after hackers threatened to release the names and personal information of its 37 million members – a threat they made good on last week. Throughout it all, Biderman has remained quiet.

"This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees," the company's post continued. "We are steadfast in our commitment to our customer base."

Among the hacked Ashley Madison data were emails from Biderman's personal account, which suggest he had multiple affairs

Ashley Madison faces multiple lawsuits in the wake of the breach.

Related: Has the Ashley Madison Hacker Been Identified?

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Living

Get Your Business a One-Year Sam's Club Membership for Just $14

Shop for office essentials, lunch for the team, appliances, electronics, and more.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Some Costco Stores Are Now Selling a Frozen Item That Looks Just Like a Trader Joe's Fan Favorite

The Frozen Kimbap is a Trader Joe's cult favorite, and now a version can be found at Costco, too.