Gene Jones is out at Toronto Community Housing.
The CEO came under fire in the wake of a damning report by Toronto's Ombudsman, Fiona Crean, who investigating the company's human resources policies and practices.
Board Chair Bud Purves made the announcement following a closed door meeting where members discussed that report.
Jones was hired in June of 2012, after spending nearly 30 years working in public housing administration in the US.
He was hired on the recommendation of Mayor Rob Ford.
Jones will be given a severance package, which was later found to be $200,000.
The board at TCHC has announced Greg Spearn will take over the roles of President and CEO on an interim basis, while members conduct a search for a full time replacement to Jones.
In addition to the interim tag, Spearn will continue to hold down the roles of Vice President and Chief Development Officer.
In a release, Purves said "After much deliberation, the Board and Gene have mutually decided that a change in leadership will best position Toronto Community Housing to move forward in implementing its strategic plan. Today will be Gene's last day as President and Chief Executive Officer. On behalf of the Board, I would like to thank Gene for his contributions to Toronto Community Housing, our residents and to the City of Toronto."
Speaking to reporters after the decision, Mayor Rob Ford called this "one of the worst days in Toronto history."