Birmingham City have released an official statement on their club website stating that they have parted company with Garry Monk.
It said: “The board of directors believe this to be in the long term interests of the club.
“We thank Garry for his efforts and we wish him the best for the future.”
The 40-year-old had been at the club for just over a year, with the Blues finishing 17th in the Championship in the last campaign.
Pep Clotet has been appointed caretaker Head Coach and will take charge of all first team affairs with immediate effect.
The club statement went on to say: “The Board of Directors are hopeful that over time the team can adopt a fresh and modern footballing philosophy, whilst maintaining the Club’s core values.
“It is our intention to drive the Club forward and challenge for promotion.
“The Board of Directors feel that it is vitally important for everybody at the Club to be sharing the same vision and commitment to the plans and processes.”
With Frank Lampard potentially leaving Derby this summer for a move to Stamford Bridge, Monk could well be a target for the Rams.
Before becoming the Birmingham boss, he had managerial spells at Swansea, Leeds and Middlesbrough, whilst this is now the fourth club he has managed and subsequently lost his job at in the last five years.
It remains to be seen who the Blues think is the right man to take the club forward after Monk’s departure, although they will want to act fast as the preparation for the upcoming Championship season steps up.