Web Summit CEO resigns after Mid-East comments


NEW YORK: Web Summit chief executive officer and founder Paddy Cosgrave resigned last Saturday after comments he made on the Israel-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month.

“Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend,” Cosgrave said in a statement. “I sincerely apologise again for any hurt I have caused.”

Web Summit, which organises one of the world’s largest tech conferences every year, will appoint a new chief executive officer as soon as possible, a spokesperson for the company said in an emailed statement, adding that Web Summit 2023 in Lisbon will go ahead as planned.

According to a Bloomberg report last Friday, Google and Meta Platforms Inc, as well as several other tech companies including Intel Corp and Siemens AG have decided not to participate in the event.

The summit is scheduled to take place from Nov 13-16.

Cosgrave drew criticism after a post on social media platform X on Oct 13, referring to Israel’s response in Gaza following the Hamas attacks on Oct 7.

“War crimes are war crimes even when committed by allies, and should be called out for what they are,” the post read. Days later on Tuesday, he apologised for his comments. — Reuters

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The battle for relevance
Johor election won’t hurt property market
Decoupling AI from automation in real estate
The jury is still out
Too much of a good thing�
Singapore banks a steady dividend play
Looking beyond Europe’s chipmakers
Can Wall Street keep rally alive?
Backing the little businesses
Can My Value Up re-rate Bursa Malaysia?

Others Also Read