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OpenWeb’s founder and CEO, Nadav Shoval, has rejected stepping down after the company’s board of directors named Tim Harvey as the interim CEO, as revealed in a LinkedIn post.
“I have not stepped down as OpenWeb’s CEO,” Shoval stated in his LinkedIn post.
According to a recent Fortune report, the board of directors appointed Tim Harvey, chairman of the content moderation platform, as the new acting CEO earlier this week.
In addition, Shoval said that by announcing a change in leadership rather than addressing conduct issues, the board had violated his employment contract.
I recently informed the company that they breached my contract, which was meant to directly address troubling conduct by the Board of Directors. In his statement, Shoval said, “The Board chose to act against OpenWeb’s best interests by announcing a leadership transition at an unexpected company-wide meeting rather than finding a solution to the problems.
Shoval’s post also emphasized his refusal to accept the board’s decision.Read More-https://voiceofentrepreneur.life/