Gravity Payments CEO Dan Price resigns as he faces assault, reckless driving charges

Aug 17, 2022, 6:15 PM


Dan Price, left, CEO of Gravity Payments, shakes the hand of a graduating student after he was given a $1000 scholarship at Woodbridge Elementary School in Irvine on Monday, June 7, 2021. In 2015 Price visited the 6th grade class of Hilary Gray and promised to give $1000 scholarships to each student if they wrote him a letter each year until graduation. All 33 students in the class wrote Price yearly. (Photo by Leonard Ortiz/MediaNews Group/Orange County Register via Getty Images)

(Photo by Leonard Ortiz/MediaNews Group/Orange County Register via Getty Images)

Dan Price, a high-profile CEO of Seattle-based Gravity Payments, announced he’s resigning as he faces misdemeanor assault and reckless driving charges.

A longtime Gravity executive, Tammi Kroll, will take over for Price.

Dan Price said his presence at Gravity Payments has become, in his words, “a distraction.”

Price pleaded not guilty earlier this year, after prosecutors said he grabbed a woman by her throat when she refused to kiss him. He’s accused of then driving donuts with her in a parking lot.

Gravity Payments CEO Dan Price charged with sexual assault amid ongoing felony rape investigation

In a statement, Price said he needs to step aside from the company to focus on, what he claims, are “false accusations.”

Price made national headlines in 2015 when he slashed his CEO salary to give his employees a raise.

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Gravity Payments CEO Dan Price resigns as he faces assault, reckless driving charges