Paddy Cosgrave, the CEO of Web Summit, has encountered issues due to comments regarding Israel, resulting in sponsors withdrawing and announcing his resignation from the position of CEO. Cosgrave’s personal opinions have had an impact on the Web Summit event, the team, sponsors, and attendees, prompting him to apologize once again to those affected by his comments.
Web Summit has stated that they will quickly find a new CEO, and the Web Summit Lisbon event in Portugal, scheduled for November, will proceed as planned, despite numerous sponsors and participants already withdrawing from the stage.
TLDR: Paddy Cosgrave, the CEO of Web Summit, has resigned following the repercussions of his personal comments on Israel, resulting in sponsor withdrawals. Web Summit will find a new CEO, and the upcoming Web Summit Lisbon event will still take place as scheduled.