Former Preston North End boss David Moyes has resigned as manager of Sunderland AFC.
The 54-year-old, who still lives near Preston, advised the chairman and chief executive of his decision to leave the club at a meeting in London this morning, according to a club statement.
The club were relegated from the Premier League with 24 points, finish in last place.
In the statement chairman Ellis Short writes: “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.”
David Moyes said: “I would like to thank Ellis Short and the Board for giving me the opportunity to manage Sunderland 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”.