Notts County have sacked manager Jamie Fullarton after just 70 days as manager at Meadow Lane.
The 41-year-old's 12-game spell in charge was brought to an end following Saturday's 4-1 home loss to Exeter, which left Notts 19th in the table.
The former Bolton and Nottingham Forest Under-21 coach's departure from his first managerial job came just hours after fans held protests calling for his sacking.
Notts have taken just one point from a possible 15 at home and won three games since Fullarton replaced Ricardo Moniz.
Owner Ray Trew said: "While it is well known that my position at the club has changed in recent weeks, I still have a responsibility to do what I feel is best for Notts County and that means acting when things aren't going right on the pitch.
"I have to thank Jamie for his efforts over the past few weeks because he has had to face an incredibly difficult atmosphere, somewhat unfairly I feel, but has maintained an exceptional level of professionalism throughout and should be applauded for how he has conducted himself.
"There is no doubt in my mind that Jamie still has a very bright future in the game, but I acknowledge that what was already a tough challenge for him here at Meadow Lane was made all the more difficult through a number of factors that were beyond his control.
"We understand fans fears and frustrations, and the most important thing for Notts County is that this season does not dissolve into a disaster and a level of stability can be brought in to ensure that there is a strong platform to build from for the new owners, once a deal is completed to sell the club."
Notts are thought to be appointing a successor as early as Sunday.
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