Sunderland have confirmed that David Moyes has resigned from his position as manager with the Championship-bound club.
Moyes took the reins at the Stadium of Light from Sam Allardyce last July when the latter took the England job.
The 54-year-old has overseen the club's relegation from the Premier League after a ten-year stay in the top flight.
“I would like to thank Ellis Short and the Board for giving me the opportunity to manage Sunderland," Moyes said in a statement today adding, "And the fans for always being so passionately supportive of their club.
“I wish the players and my successor well in their efforts towards promotion back to the Premier League”.
The club's chairman Ellis Short stated: "I pursued the services of David Moyes for a considerable period prior to his appointment last summer, which makes the announcement of his departure difficult for everyone concerned.
“Having worked tirelessly throughout the campaign to avoid relegation from the Premier League, David has chosen to leave the club without compensation, which is testament to his character.
“In the days ahead we will take some time for reflection, and then focus on recruitment and pre-season as we prepare for our Championship campaign. We wish David well in the future."
Shortly after his announcement there have been reports that England international striker Jermain Defoe will follow Moyes out the exit door.
Defoe is being linked with a move to Premier League side Bournemouth while the news also throws the future of a couple of Republic of Ireland internationals into doubt.
Club captain John O'Shea has been with the Black Cats for six seasons now but at the age of 36 it remains to be seen whether a new manager will see him as surplus to requirements as the club attempt to gain promotion to the Premier League at the first attempt.
29-year-old former Everton midfielder Darron Gibson, signed by Moyes in the January transfer windown, will also be wondering whether he will be part of the new manager's plans.