Astronomer Says Its CEO Has Been Placed On Leave After Viral Coldplay Video

Astronomer, the tech company that found itself launched into the public eye after its CEO Andy Byron was spotted on a Jumbotron video at a Coldplay concert earlier this week embracing an employee, announced that Byron has been placed on leave.

Astronomer’s cofounder and chief product officer Pete DeJoy is now serving as interim CEO, the company said in a statement Friday night.

The New York-based company earlier Friday issued a statement about the matter via LinkedIn.“Our leaders are expected to set the standard in both conduct and accountability,”

The statement said in part, adding that the company’s board of directors “has initiated a formal investigation into this matter and and we will have additional details to share very shortly.”

Byron was spotted on a Jumbotron screen at a Coldplay concert at Gillette Stadium in Massachusetts on Wednesday, embracing Kristin Cabot, the company’s chief people officer, who oversees the organization’s human resources.