The CEO of Ashley Madison’s parent company, Avid Life Media Inc., steps down

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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.

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“Effective today, Noel Biderman, in mutual agreement with the company, is stepping down as Chief Executive Officer of Avid Life Media Inc, (ALM) and is no longer with the company,” the company said in a statement. “This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees. We are steadfast in our commitment to our customer base.”

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