Lance Armstrong resigning from Livestrong cancer charity

Wednesday, October 17, 2012 - 11:00am

Former pro cyclist Lance Armstrong will step down as chairman of the Livestrong cancer charity he founded in 1997 after recovering from the disease, organization spokeswoman Katerhine McClane said Wednesday.

The move comes a week after the U.S. Anti-Doping Agency said it had uncovered overwhelming evidence of Armstrong's involvement in a sophisticated doping program while a professional cyclist. Armstrong has consistently denied the claims.

According to the Texas-based charity, Armstrong has helped raise millions of dollars for cancer research, treatment and support in his role as Livestrong founder and helped "dispel the stigma and misconceptions about the disease."

CNNs Danielle Dellorto contributed to this report.

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