Ian Holloway has left his position as manager of Crystal Palace by mutual consent after less than a year in charge at Selhurst Park.
Holloway, 50, guided Palace to the Premier League via the play-offslast season after joining in November, but had won only one league game this term.
A 4-1 defeat by Fulham on Monday left the club five points adrift of safety.
"Ian felt that a new approach might help keep us in the division," chairman Steve Parish said.
"I've enjoyed every minute of working with Ian. He leaves our club with his head held very high.
"I'd like to put the record straight. We've never fallen out. We've worked together brilliantly. We feel we need to move on to progress."
Assistant manager Keith Millen will take temporary charge of the game against Arsenal on Saturday.
The Fulham defeat left Palace in 19th place in the table and speculation had surrounded Holloway's job following a post-match meeting with Parish. The pair are believed to have held further talks on Tuesday.
"I have pride in the job we've both done," Holloway said. "If Steve's last manager [Dougie Freedman, who left for Bolton] wasn't headhunted I wouldn't have been here.
"We need to shut up shop in this division. At the minute we've got a whole new group there.
"Part of my talking with Steve was about am I the one with the energy left? I have to hold my hand up and say we didn't keep the spirit that got us up.
"We changed too much too quickly."
Holloway ended a three-year spell at Blackpool - who he guided to promotion to the Premier League in 2010 before beingrelegated back to the Championship the following season - to join the Eagles, succeeding Dougie Freedman.
Palace were fourth in the Championship table when Holloway arrived, but held onto a play-off place thanks to an 89th-minute winner from Mile Jedinak in the final game of the season against Peterborough.
After beating Brighton in the play-off semi-finals, an extra-time Kevin Phillips penalty secured promotion against Watford at Wembley.
The club lost star player Wilfried Zaha to Manchester United, but Holloway was allowed to bring in 16 players during the summer.
Although Palace won 3-1 against fellow strugglers Sunderland on 31 August, they have lost their seven other games this season.
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