It has been announced that HBO has cut ties with Chairman and CEO, Chris Albrecht.
TMZ.com posted a portion of a statement from HBO, where Time Warner Chairman and CEO Richard D. Parsons said: “Jeff Bewkes (COO of Time Warner) and I believe that this is the right decision for the Company. We thank Chris for all of his contributions to Home Box Office over the years.”
Albrecht’s career spanned HBO for 22 years, says that he “agreed to step down … recognizing that I cannot allow my personal circumstances to distract them from the business.”
HBO Chief Operating Officer Bill Nelson will temporarily take over Albrecht’s duties until a new CEO is appointed reports TMZ.
Hollywood industry titan blogger Nikki Finke and the Los Angeles Times revealed further past allegations of Albrecht’s “incidents” that were similar in nature.
Albrecht was arrested over the weekend for allegedly assaulting his girlfriend outside the MGM Grand early A.M. after the HBO PPV fight between Oscar de la Hoya and Floyd Mayweather, Jr.
Yesterday, Albrecht circulated a memo to his HBO staff, saying he was “deeply sorry” for the Vegas incident, and revealed that he is a recovering alcoholic, reported TMZ.