Declan Kelly has resigned as chairman and chief govt of worldwide consulting agency Teneo Holdings LLC after stories of drunken misbehavior at a charity occasion final month.
Mr. Kelly, a go-to adviser for CEOs of main corporations equivalent to Basic Electrical Co. and Coca-Cola Co. , is handing over the reins to Teneo co-founder and Chief Working Officer Paul Keary, Teneo mentioned.
Mr. Kelly apologized final week and mentioned he would scale back his duties after getting drunk and behaving inappropriately with folks at an occasion hosted by the charity World Citizen in early Could. Mr. Kelly was drunk and touched ladies with out their consent on the occasion, the Monetary Instances and others reported.
World Citizen eliminated Mr. Kelly from its board on Could 3 and final week Basic Motors Co. dropped Teneo as an adviser after the small print emerged.
“As a way to shield the staff of Teneo and its shoppers, and with my household’s sturdy help, I’ve determined to depart the corporate and resign as Chairman and CEO,” Mr. Kelly mentioned in an announcement.