Back in June, it was reported that American Apparel fired CEO Dov Charney, the controversial entrepreneur who grew the brand out of a Tufts dorm room. Then, the company’s board explained that Charney was being let go due to “an ongoing investigation into alleged misconduct.”

On Tuesday, the American Apparel announced that the company has finally cut ties with Charney, doing so by replacing him with a new CEO for American Apparel: Paula Schneider. According to CNBC, that “ongoing investigation” has been concluded; the board has decided that Charney “violated the terms of his employment agreement.”

In June, that “alleged misconduct” included reports that Charney choked a store manager, ran around in his office in his underwear, as well faced lawsuits from seven different female employees who accused him of sexual assault.

Following those accusations and reports, Charney was initially suspended as president and CEO, rather than fired, as reports in June wrote. In a statement released this week, American Apparel board co-chairman Allan Meyer said:

We’re pleased that what we set out to do last spring—namely, to ensure that American Apparel had the right leadership—has been accomplished.

Schneider’s role as CEO of the company will go into effect on January 5, 2015. Previously, Schneider was a senior executive at Warnaco Swimwear Group. She will be the American Apparel’s first female chief executive.

According to reports, American Apparel’s stock rose seven percent during after hours trading, following the announcement of Schneider’s new role.

Image via Dov Charney/Flickr