Washington DC, July 20 -- Andy Byron has stepped down from his role as Chief Executive Officer (CEO) of data technology firm Astronomer following the circulation of a video of him holding a woman at a Coldplay concert, reported Variety.

Online speculation suggested the woman may have been Astronomer's Head of Human Resources, Kristin Cabot.

Following the clip going viral and garnering tens of millions of views, the Astronomer's Board of Directors initiated a formal internal review. A company statement released on Friday confirmed Byron's resignation.

"As stated previously, Astronomer is committed to the values and culture that have guided us since our founding," read the statement as quoted by Variety.

"Our leaders are expected to set...