Armstrong steps down as LiveStrong chairman, Nike and Trek terminate his contract

Lance Armstrong, Tour Down Under 2010

Lance Armstrong has stepped down as chairman of the LiveStrong cancer charity that he helped to set up. The move comes as a result of the recent report produced by the United States Anti-Doping Agency (USADA) that concludes Armstrong and his US Postal team of organised doping. Simultaneously, sports clothing brand Nike and his long-term bike supplier Trek have both terminated their lucrative contracts with the American.

Associated Press (AP) reported that Armstrong has removed himself from the non-salaried chairman position of LiveStrong, but will remain on the charity's 15-member board. Jeff Garvey will move up from vice chairman to chairman.

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