The FA board convened on Thursday morning after calling an emergency meeting and they wasted little time in confirming the termination of McClaren's contract.
McClaren's tenure was brought to an end less than 24 hours after England were knocked out of Euro 2008 at the qualifying stage.
England, who only needed a draw against Croatia to seal their place at the finals in Austria & Switzerland, lost 3-2 at Wembley on Wednesday.
