Oct 21 (Reuters) – Web Summit Chief Executive and founder Paddy Cosgrave resigned on Saturday after feedback he made on the Israel-Hamas battle prompted some expertise corporations and traders to withdraw plans to attend its convention in Portugal subsequent month.

“Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend,” Cosgrave mentioned in a press release.

“I sincerely apologise again for any hurt I have caused.”

Web Summit, which organises one of many world’s largest tech conferences yearly, will appoint a brand new CEO as quickly as attainable, a spokesperson for the corporate mentioned in an emailed assertion, including that Web Summit 2023 in Lisbon will go forward as deliberate.

According to a Bloomberg report on Friday, Google (GOOGL.O) and Meta Platforms Inc (META.O), in addition to a number of different tech corporations together with Intel Corp (INTC.O) and Siemens AG (SIEGn.DE) have determined to not take part within the occasion.

The summit is scheduled to happen from Nov. 13-16.

Cosgrave drew criticism after a publish on social media platform X on Oct. 13, referring to Israel’s response in Gaza following the Hamas assaults on Oct. 7.

“War crimes are war crimes even when committed by allies, and should be called out for what they are,” the publish learn. Days in a while Tuesday, he apologised for his feedback.

Cosgrave stays the bulk shareholder in Web Summit.

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