Ashley Madison CEO Stepping Down After Hack

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The CEO of Avid Life Media, the parent company of adultery website Ashley Madison, is stepping down after a hack that exposed the personal information of millions of users, NBC News reported. 

"This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees," Avid Life Media said in a statement Friday about CEO Noel Biderman. "We are steadfast in our commitment to our customer base."

The company will be led by the "existing senior management team" until a new CEO is chosen, the company said.

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