Personally I am okay with code being written by AI as long as it is properly being checked and tested. The CEO is a prime example of management becoming a security and safety risk, which all engineers know is very dangerous. It is the same story as what caused the Challenger disaster.
I have a 2 year ProtonVPN Plus subscription so there is not really a point in canceling it right now, but if this situation doesn't change by the end of those 2 years I'm inclined to not renew it.
That CEO needs to step down, not just for their reputation but for the safety of their software.