Declan Kelly has resigned as chair and chief executive of Teneo, the global strategy company, just days after allegations emerged of drunken misconduct at a fundraising concert.
The company said in a statement on Tuesday that Kelly would be replaced by co-founder and chief operating officer Paul Keary “effective immediately”.
“We want to thank Declan for his leadership and dedication over the past ten years in building Teneo into the world’s preeminent CEO advisory firm,” the statement said.
Kelly had already been removed from the board of Global Citizen, a campaigning group that put on the concert.
A spokesperson for Kelly told the Financial Times last week that the executive had “temporarily reduced his work responsibilities”, was “committed to sobriety” and was “undertaking ongoing counselling from healthcare professionals”.
More to follow . . .