8Fit Founder Loses Board Seat After Sexual Harassment, Financial Misconduct Claims
- Pablo Villalba co-founded Berlin-based startup 8fit in 2014
- Accusations are part of investigation into Villalba’s conduct
Photographer: xavigalindo via 8fit
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Having given up his CEO role last month, the co-founder of German fitness startup 8fit has left the board after an internal investigation uncovered allegations of sexual harassment and financial misconduct, people familiar with the matter said.
Pablo Villalba, who was replaced as chief executive officer in September, has been ejected from the board, the company said in a statement in response to queries. Villalba was asked to resign as CEO because of performance issues, according to people who attended a company meeting this week where his departure was discussed, and asked not to be identified because they aren’t authorized to discuss it publicly.