Washington (CNN) -- The chief executive officer of NPR resigned Wednesday after a series of controversies at the public broadcaster formerly known as National Public Radio. A statement posted on the NPR website by board chairman Dave Edwards said the organization's board of directors accepted Vivian Schiller's resignation "with understanding, genuine regret and great respect for her leadership of NPR these past two years." Schiller's resignation came a day after Ron Schiller, NPR's former senior vice president for fundraising, was shown in an undercover video calling the Tea Party "racist" and "scary" and questioning whether NPR needs federal funding. Ron Schiller, who is not related to Vivian Schiller, issued an apology Tuesday night and said his already-announced resignation would be effective immediately.
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NEW: NPR broadcaster believes federal funding will continue
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Schiller's resignation was accepted with "regret," the board says chairman
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A former NPR exec apologized Tuesday night for remarks he made
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In an undercover video, the former exec calls the Tea Party "racist" and "scary"
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"@placeholder people" aren't "just Islamaphobic, but really xenophobic," Ron Schiller says on the recording.
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"While the meeting I participated in turned out to be a ruse, I made statements during the course of the meeting that are counter to NPR's values and also not reflective of my own beliefs," @placeholder said in a statement.
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National Public Radio
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In an effort to put this unfortunate matter behind us, @placeholder and I have agreed that my resignation is effective today."