Marc Lasry resigns as chair of Ozy Media

Marc Lasry, Chairman, CEO and Co-Founding father of Avenue Capital Group, speaks through the Skybridge Capital SALT New York 2021 convention in New York Metropolis, September 15, 2021.

Brendan McDermid | Reuters

Billionaire investor Marc Lasry introduced Thursday he’ll step down as chairman of Ozy Media, simply days after The New York Occasions reported the corporate’s COO impersonated a YouTube government on a name with potential investor Goldman Sachs.

Lasry, who can also be proprietor of NBA champions the Milwaukee Bucks and CEO of Avenue Capital Group, was named chairman of Ozy Media precisely three weeks in the past.

“I imagine that going ahead Ozy requires expertise in areas like disaster administration and investigations, the place I don’t have explicit experience,” Lasry stated in a press release saying his transfer. He added that he stays an investor in Ozy Media.

The New York Occasions story revealed Sunday evening referred to as into query most of the promotional and journalistic practices at Ozy Media, a digital media start-up. Based on the New York Occasions story and a number of other follow-up experiences in different shops, Ozy Media routinely inflated its viewership numbers on YouTube and different platforms.

Most notably, the corporate’s board excused the habits of its COO Samir Rao who allegedly impersonated the YouTube government, by blaming the incident on Rao’s psychological well being. The corporate’s board introduced Tuesday that it requested Rao to take a depart of absence whereas it investigated the claims within the Occasions’ report.

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