Teneo CEO Declan Kelly was dropped from the board of Global Citizen after he became drunk and exhibited inappropriate behavior during a fundraising event in May.
The Teneo co-founder has temporarily reduced his workload at the firm and is committed to sobriety, a spokesperson for Kelly told the Financial Times.
He is also receiving counsel from a healthcare counselor.
Kelly’s drunken behavior occurred May 2 during a party linked to a Global Citizen concert chaired by Prince Harry and Meghan Markle.
The Vax Live: The Concert to Reunite the World was in support of wider distribution of the COVID-19 vaccine. It featured messages from Pope Francis and Joe Biden.
Global Citizen axed Kelly from its board on May 3.
Chris Stadler, managing partner at CVC Capital Partners, is co-chair of Global Citizen. CVC made a $350M investment in Teneo in 2019.
Doug Band, president/co-founder of Teneo and ex-confidante to president Clinton, stepped down in December.
His departure followed a devastating article in Vanity Fair called “Confessions of a Clintonworld Exile” that outlined his split with the former president and the Clinton family.
Kelly, whom Hillary Clinton appointed to serve as the state department’s special envoy to Northern Ireland, was US CEO of Financial Dynamics and executive VP at FTI Consulting.