UPDATE: Brooks Auto Parts CEO Michael Levy has resigned after an internal investigation into allegations that he sexually harassed two employees, according to a statement issued by Brooks AutoParts.
Levy has been placed on administrative leave and is no longer an employee of the company.
A statement from Brooks AutoPart said: “The Company is deeply saddened by the allegations made against Mr. Levy and deeply regrets any and all pain that this may have caused his family and colleagues.
We deeply appreciate the outpouring of support from the community.”
Levy was named CEO in January 2017.
He had been CEO of the Detroit-based auto parts giant since 2009, when he took over for former CEO Jim Ritchie.
The investigation into the allegations was first reported by The New York Times.
Levi has denied any wrongdoing and said he had “never done anything inappropriate” with the women.
The women who filed the charges were former employees and others who say they worked in his company.
In a statement, the company said: We are aware of the news reports about our CEO and we are fully cooperating with the investigation.
We want to extend our sincerest apologies to all of the women who are affected by these allegations.
Brooks AutoParts, the world’s largest auto parts maker, is based in Ann Arbor, Mich.
The company’s stock was down by nearly 7% in after-hours trading Wednesday.