The CEO
of Ashley Madison's parent company, Avid Life Media Inc., stepped down Friday.
The departure of
CEO Noel Biderman comes after a hack
released confidential information about
millions of Ashley Madison clients.
The site advertised itself as a place
where married people could come to cheat on their spouses. Its motto:
"Life is short. Have an affair."
A press release from Avid Life Media said that the
decision for Biderman to step down was a joint one.
According to the
release, the senior management team currently in place will lead the company.
"This change
is in the best interest of the company and allows us to continue to provide
support to our members and dedicated employees," Avid Life Media said.
"We are steadfast in our commitment to our customer base."
The company said
it is working to restore itself
after the hack and will continue
to offer its services to members. It also said that it's cooperating with
international law enforcement.
Both Avid Life
Media and Ashley Madison did not respond to request for comment.
The hackers began
dumping the stolen data on August 18. Among the information that was released
were more than 15,000 U.S.
government email addresses,
including some linked to members of the military where adultery is against the
Code of Conduct.
After the hack,
Avid Life said it would give $500,000 (Canadian) to anyone who came forward
with information about the identities of the hackers.
Even before the
hack, Biderman's company proudly hailed him as
"the most hated man on the internet" and "The King of
Infidelity." He founded AshleyMadison.com in 2002 and was appointed
President and CEO of Avid Life in 2007, when it acquired
Ashley Madison.
The company said
that AshleyMadison.com was "named after the two most popular baby girl
names" in 2002, because the founders believed that the internet would
create a "new era for female infidelity."
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