Eddie Howe has left his role as Bournemouth manager by mutual consent, the Sky Bet Championship club have announced.
The 42-year-old was unable to keep the Cherries in the Premier League, with relegation confirmed on the final day despite a 3-1 victory at Everton.
Howe departs Bournemouth after more than 450 games in charge across two spells at the Vitality Stadium and admitted the time was right for a change in an open letter to supporters.
It read: "Having spent a total of 25 years with the club as both a player and a manager, this decision - made together with the club - is one of the hardest I've ever had to make.
"However, although the affection and love I have for this football club will always remain, we collectively feel that now is the right time for the club to go in a new direction.
"Bournemouth will always be in my heart, but I firmly believe that now is the right time for the club to have a change."