Mick McCarthy will step down as Ipswich Town manager when his contract expires at the end of this season.
The 59-year-old former Republic of Ireland boss is the longest-serving manager in the Championship, having taken charge of Ipswich in November 2012.
Ipswich lie 12th in English football s second tier and, following discussions with owners Marcus Evans, McCarthy has decided it is time for all concerned to turn over a new leaf.
I had a good discussion with Marcus and we feel this is the right thing to do for me and for Ipswich Town, he told the club s official website.
I have loved my time here and I am proud of what I have achieved over the last six years and the relationship I have enjoyed with the players and all the staff at the club in that time.
I won t be leaving with any regrets. I have given everything for Ipswich Town and I will see out my contract in the same way.
I went and spoke to Marcus and after having that chat we both decided that it s probably best if we go our separate ways.
Mick McCarthy to depart the Club at the end of his contract
— Ipswich Town FC (@Official_ITFC)
McCarthy s assistant and fellow ex-Wolves boss Terry Connor will also leave Portman Road.