Priceline CEO resigns after probe into employee relationship

NEW YORK -Priceline (PCLN) says CEO Darren Huston has resigned, following an investigation into a personal relationship the executive had with an employee that wasn't under his direct supervision.

The Norwalk, Connecticut company said the investigation by independent members of its board found Huston acted contrary to its code of conduct and engaged in activities inconsistent with the board's expectations for executive conduct.

Priceline named chairman and former CEO Jeffery Boyd as interim CEO and president while it performs a search for a successor.

Boyd served as president and CEO of The Priceline Group Inc. from 2002 to 2013.

Priceline said Thursday that it named Gillian Tans as CEO of Booking.com to replace Huston, who also served as CEO of the division. Tans had served as president and chief operating officer of Booking.com.