FOXBOROUGH, Mass. — The IT company CEO captured in a widely circulated video showing him embracing an employee at a Coldplay concert has resigned.

Andy Byron resigned from his job as CEO of Cincinnati-based Astronomer Inc., according to a statement posted on LinkedIn by the company Saturday.

“Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met,” the company said in its post on LinkedIn.

The move comes a day after the company said that Byron had been placed on leave and the board of directors had launched a formal investigation into the jumbotron incident, which went viral. A company spokesman later confirmed in a statement to AP that it was Byron and Astronomer chief people officer Kristin Cabot in the video.

The short video clip shows Byron and Cabot as captured on the jumbotron at Gillette Stadium in Foxborough, Mass., during a Coldplay concert on Wednesday.

Lead singer Chris Martin asked the cameras to scan the crowd for his “Jumbotron Song,” when he sings a few lines about the people the camera lands on.

“Either they’re having an affair or they’re just very shy,” he joked.

Internet sleuths identified the man as the chief executive officer of a U.S.-based company and the woman as its chief people officer.

Pete DeJoy, Astronomer’s cofounder and chief product officer, has been tapped as interim CEO while the company conducts a search for Byron’s successor.

Most concert venues warn attendees that they can be filmed

It’s easy to miss, but most concert venues have signs informing the audience that they could be filmed during the event. Look for them on the walls when you arrive and around the bar areas or toilets. It’s common practice especially when bands like to use performances for music videos or concert films.

The venue in this case, Gillette Stadium in Foxborough, also has a privacy policy online which states: “When you visit our location or attend or participate in an event at our location, we may capture your image, voice and/or likeness, including through the use of CCTV cameras and/or when we film or photograph you in a public location.”