Ozy Media Chairman Marc Lasry Resigns

The company continues to face criticism in the wake of a New York Times exposé

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Ozy Media chairman Marc Lasry has resigned from the embattled company, under fire for a series of questionable business practices.

“I believe that going forward, Ozy requires experience in areas like crisis management and investigations, where I do not have particular expertise. For that reason, I have stepped down from the company’s board.  I remain an investor in the company and I wish it the best going forward,” he said in a statement.

COO Samir Rao had previously taken a leave of absence from the company after it was revealed he had impersonated a Google executive on a fundraising call with Goldman Sachs.

More to come…

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