Bill Stapleton, Armstrong's longtime agent, and Doug Ulman, the president of the Livestrong Foundation, also serve on the board.

WSJ: Lance Armstrong Dropped By Star-Studded Charity Athletes For Hope

Bill Stapleton, Mr. Armstrong's longtime agent, and Doug Ulman, the president of the Livestrong Foundation, also serve on the board.

WSJ: Lance Armstrong Dropped By Star-Studded Charity Athletes For Hope

"Lance's devotion to serving others whose lives were irrevocably changed by cancer, as his was, is unsurpassable, " Doug Ulman said in a statement issued after Wednesday's announcement.

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