The CEO of the online travel booking company Priceline has resigned, the company said today, after a company investigation found that a personal relationship he had with an employee violated Priceline’s code of conduct, the AP reports.
Priceline CEO Darren Huston “acknowledged” the relationship and “expressed regret,” according to the company. The report notes that the employee was not under Huston’s direct supervision.
“The company is searching for a permanent successor,” the AP reports. “In the meantime, chairman and former CEO Jeffery Boyd will run the company as interim CEO and president. Boyd was president and CEO of The Priceline Group Inc. from 2002 to 2013.”
Priceline, which also owns Booking.com, Kayak and Rentalcars.com, declined to provide additional details about the circumstances, but the company did say that Huston will not receive severance pay, according to the report.