Time's Up CEO resigned after sexual assault allegations were made against her son, group says

The announcement came late Monday, first in a tweet by Borders.

"As Time's Up continues to grow, I am proud of the work I have done to shepherd its continued development. Unfortunately, it is with deep regret that I must resign from Time's Up to address family concerns that require my singular focus. I appreciate the opportunity to support this mission and I hope my efforts will continue to resonate."

Time's Up followed up Borders' tweet with a statement of its own: "With gratitude for her work, TIME'S UP accepts and supports Lisa Borders' decision to resign as president and CEO. We know that it is the right decision for Lisa as well as the organization. Our COO, Rebecca Goldman, will serve as interim CEO while we conduct an executive search. We remain steadfast in our mission to create safe, fair, and dignified work for women of all kinds."

Then, early Friday morning, Time's Up released a statement regarding the reason for Border's departure.

Last Friday, "Lisa Borders informed members of TIME'S UP leadership that sexual assault allegations had been made against her son in a private forum. Within 24 hours, Lisa made the decision to resign as President and CEO of TIME'S UP and we agreed that it was the right decision for all parties involved. All of our actions were fully guided by our support for survivors.

We respect the rights of all survivors to own their own stories. We strongly encourage anyone who has experienced sexual harassment, assault or related retaliation in the workplace or in trying to advance their careers to contact the TIME'S UP Legal Defense Fund for assistance."

We remain committed to our mission to create, safe and dignified work for women of all kinds," the statement said.

A look back on the one year of Time's Up

CNN reached out to Time's Up for further comment but has not heard back.

The news of Borders' abrupt resignation comes three days after she tweeted about appearing on Oprah Winfrey's "SuperSoul Conversations" on the OWN network and after announcing she would be the upcoming commencement speaker at her alma mater, Duke University.

Time's Up was created by more than 1,000 women in entertainment who joined forces to combat workplace sexual misconduct across industries. It marked its one year anniversary on January 1.

Before joining Time's Up, Borders was the president of the Women's National Basketball Association and the former vice president of global community affairs at The Coca-Cola Company.

CNN's Madeline Holcombe contributed to this report.

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