ESPN President John Skipper announced Monday he is resigning from the network due to a substance addiction problem.
"I have struggled for many years with a substance addiction. I have decided that the most important thing I can do right now is to take care of my problem," Skipper said in a statement.
A Message from Blackrock
Find out how ETFs could help: Learn about their potential cost and tax benefits.
Skipper said he and the company have "mutually agreed" it was appropriate for him to resign.
"I come to this public disclosure with embarrassment, trepidation and a feeling of having let others I care about down," Skipper's statement continued. "As I deal with this issue and what it means to me and my family, I ask for appropriate privacy and a little understanding."
Walt Disney CEO Bob Iger announced former ESPN President George Bodenheimer will serve as Acting Chair of ESPN for the next 90 days until they find a full time replacement for Skipper.
Skipper joined the Disney-owned network in 1997. He became president of ESPN in 2012.