Intel has parted ways with its CEO Brian Krzanich after an internal investigation determined he had a "past consensual relationship with an Intel employee".  Technically, he resigned.

The chip maker has a strict non-fraternization policy that prohibits managers from engaging in relationships with employees.  Workers who see inappropriate workplace behavior are required to report it to management. 

"An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers," the company said in a statement.

Mr. Krzanich may walk away with US$44.5 Million as a parting settlement.  His severance agreements were disclosed in Intel's 2017 proxy statement.  The documents say he will receive $37.5 Million worth of stock awards, and some $7 Million in payouts from deferred compensation, medical benefits, and from his pension plan.

Chief Financial Officer Robert Swan is already serving interim chief executive officer, until a new CEO is chosen.