Paddy Cosgrave, the CEO and co-founder of the annual tech conference Web Summit, has stepped down from his position following controversy surrounding his comments on the Israel-Hamas conflict. This move comes as prominent figures from Big Tech companies like Alphabet expressed their concerns Web Summit CEO Resigns.
Regrettably, my personal remarks have caused a diversion from the event, affecting our team, sponsors, startups, and the attendees,” stated Cosgrave on Saturday.
At the start of the week, Cosgrave took to social media to express his personal disagreement with Israel’s retaliatory actions in Gaza.
To reiterate: War crimes remain war crimes, even when committed by allies, and they should be denounced for what they truly are,” Cosgrave stated in a post on X, formerly known as Twitter, on Monday. “I will not waver in my stance.
His comments prompted a wave of cancellations from prominent participants such as Meta, Alphabet, Amazon, and others. This year’s conference is planned for November 13th to November 16th and is scheduled to be held in Lisbon, Portugal.
The day after he posted on X, Cosgrave issued an apology on Web Summit’s blog, acknowledging that the timing of his comments had “caused profound hurt.
I recognize that what is required at this moment is compassion, and I failed to convey that, osgrave stated in his apology Web Summit CEO Resigns.
Web Summit sells out earlier than ever
After surviving two challenging years brought on by the Covid-19 pandemic, the tech event has bounced back, with more than 70,000 attendees, 2,630 exhibiting startups and companies, 1,120 investors and 1,040 speakers travelling to Lisbon from November 1-4.
Web Summit’s masterclasses and roundtable discussions gather industry specialists and business leaders to share insights and expertise on a variety of global issues. Roundtables are 45-minute sessions on the hottest topics in tech, led by an expert panel.