The CEO of the $6 million-revenue U.S. Hispanic Chamber of Commerce has left the association, dogged by allegations reported in The New York Times of financial and sexual wrongdoing.

The group on Feb. 13 announced it had "mutually agreed" with CEO Javier Palomarez that he leave "effective immediately."

In addition, USHCC announced Feb. 9 that it had hired an outside law firm to investigate "various allegations," according to The Times. At that time, Palomarez denied wrongdoing.

"I categorically deny these deeply troubling allegations," he said in a statement, according to The Times.

In its Feb. 13 statement, the group praised Palomarez for fostering growth at the organization, and did not state a reason for his departure.

However, the association said in the statement that it is "committed to ensuring that its organization is managed with dignity, respect, and a careful stewardship of its financial resources."

The New York Times reported that Palomarez, who ran the USHCC for nearly 10 years, was accused by a longtime board member last fall of paying himself hundreds of thousands of dollars in excess of the compensation stipulated in his contract.

The Times also reported that Palomarez' chief of staff, Gissel Gazek Nicholas, has accused him of sexually harassing her. She was fired in November.

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