By Eva Rothenberg, CNN(CNN) — Paddy Cosgrave, the chief executive of Web Summit, stepped down Saturday after several Big Tech companies withdrew from the company’s upcoming annual technology conference over his comments on the Israel-Hamas war. On Tuesday, Cosgrave posted a nearly 600-word statement on Web Summit’s blog to apologize and clarify his stance. A spokesperson for Web Summit told CNN that the company will appoint a new CEO as soon as possible. “Web Summit 2023 in Lisbon will go ahead as planned,” the spokesperson added. Cosgrave, 41, co-founded Web Summit in 2009 with David Kelly and Daire Hickey.

Source: CNN October 22, 2023 13:50 UTC