Will Fleissig resigned as CEO of Waterfront Toronto after pressure from the board of directors during a closed-door meeting on his performance and the organization’s future last Thursday.

In a statement provided late yesterday evening, Helen Burstyn, chair of Waterfront Toronto’s board, confirmed that Fleissig made his decision to resign after the overall strategic objectives were outlined to the board at the Thursday meeting.

“He understood the strategic context in which we were discussing the future of Waterfront Toronto and the importance of being able to execute and implement,” Burstyn said. “We discussed the options for moving forward effectively—we considered the corporation—but the decision was his as much as the option was ours to give.”