Representatives for Bailey did not immediately return EWs requests for comment.
More than 70 women have come forward to accuse Harvey Weinstein of sexual misconduct, including rape.
Weinstein, through his representative, has denied all allegations of nonconsensual sex.
Credit: Rodin Eckenroth/Getty Images
Academy presidents are elected every year, with no person serving more than four consecutive years.
This post has been updated to include the Academys statement.
