The IT company CEO captured in a widely circulated video showing him embracing an employee at a Coldplay concert has resigned. Andy Byron resigned from his job as CEO of Cincinnati-based Astronomer Inc., according to a statement posted on LinkedIn by the company Saturday.

Astronomer CEO Andy Byron is now under "formal investigation" by his board after allegedly being caught on the jumbotron with the company’s HR chief, Kristin Cabot, at a recent Coldplay show—an eyebrow-raising moment that quickly exploded online.

Astronomer, the company whose CEO, Andy Byron, is believed to be the embarrassed man spotted at a Coldplay concert in an intimate embrace with an employee, slammed a “fake” statement