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He's still the COO. This is an effort to avoid liability, nothing more imo.
Let's not forget how disturbing their behaviors were:
March 2002: Days after the disappearance of 13-year old Milly Dowler, British tabloid News of the World began intercepting Dowler's voicemail messages. The paper deleted old messages to make room for new ones, leading some to speculate that she was alive. The Guardian reports: "The Dowler family then granted an exclusive interview to the News of the World in which they talked about their hope, quite unaware that it had been falsely kindled by the newspaper's own intervention. Sally Dowler told the paper: 'If Milly walked through the door, I don't think we'd be able to speak. We'd just weep tears of joy and give her a great big hug."