Cleveland Clinic’s Gary Fingerhut is out after the FBI contacted the clinic to inform them that financial transactions had been made that violated the hospital system’s internal policies.

Fingerhut was executive director of Cleveland Clinic Innovations, the commercialization arm of the clinic that supports new business developments around innovative medical processes and treatments developed at the Cleveland Clinic.

“Gary Fingerhut is no longer employed by Cleveland Clinic. The current chairman of Cleveland Clinic Innovations will assume the duties while we search for a new executive director,” a Cleveland Clinic spokesperson told MassDevice.com in an email.

The FBI is not investigating the clinic itself, according to FBI special agent Vicki Anderson, but would not confirm or deny whether it is formally investigating Fingerhut.

Fingerhut joined CCI as general manager for IT commercialiation in 2009, and replaced Chris Coburn as executive director in 2013.

Previously, Fingerhut helped found Axentis, a regulatory compliance software company based out of Cleveland.

CCI chairman Dr. Thomas Graham, who joined the company in 2010, will take over Fingerhut’s responsibilities until a replacement is found.