Steve Easterbrook is out as McDonald's CEO and president.
CNN reports the move came after the board determined that he violated company policy.
Easterbrook became CEO in 2015.
[Easterbrook] demonstrated poor judgment involving a recent consensual relationship with an employee.
McDonald's company statement Effective immediately, Easterbrook is replaced in both roles by Chris Kempczinski.
Kempczinski was most recently president of McDonald's USA, effective immediately.
