The Brumbies Board announced on Monday that it has stood down Michael Jones from his position as the franchise's CEO.
Craig Leseberg, General Manager – Brumbies Community Rugby will act as interim CEO.
In an official release, Brumbies chairman Robert Kennedy said: "It was with great regret that I informed Michael of the Board’s decision. However, I believe this decision is in the best long term interests of the Brumbies.
"I also want to reassure our business partners, stakeholders, players, staff and members that the Board has full confidence in the remaining executive management team within the Brumbies and our current financial position to continue operations throughout the 2016 season.
"We are immensely proud of our rugby program at the Brumbies and once again we've had a positive start to the season both in terms of on-field results and crowd support.
"I would ask all Brumbies fans to rally behind the team and continue to show their support in what we hope will be another successful year."