Derry City and Declan Devine have parted company this evening despite the fact that the former player had one year to go on his contract.
Devine has been in charge since being appointed in January 2012.
He led the club to last year's FAI Cup but after a strong start to this season, Derry have struggled in recent months and his departure from the Brandywell is not a major surprise.
A statement from Derry City chairman Philip O'Doherty read: "Derry City FC Board of Directors wish to announce that Declan Devine has parted company with the Club by mutual consent.
"The Club wish Declan well for the future and thank him for his contribution over the years."