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Warner Bros. chairman/CEO steps down amid conduct investigation

Kevin Tsujihara has stepped down as chairman and CEO of Warner Bros. amid an ongoing investigation regarding his personal relationship with actress Charlotte Kirk, Variety reported March 18.

In an internal memo, the text of which Variety published, Tsujihara said he decided to leave after consulting WarnerMedia CEO John Stankey and determining his "continued leadership could be a distraction and an obstacle to the company's continued success." In a companion memo published by Variety, Stankey said an interim leadership structure for Warner Bros. would be announced March 19.

AT&T Inc.'s WarnerMedia is continuing to investigate allegations that Tsujihara improperly used his position to advance Kirk's career while they engaged in a sexual relationship. Prior to news of the investigation, the company announced on March 4 that Tsujihara would remain as head of WarnerMedia's film, TV and video games businesses after a reorganization.