Morton have sacked manager Jim Duffy following a meeting with the club's new chairman Crawford Rae.
24 hours after he succeeded his father, Douglas, as chairman, Crawford Rae will now be looking for a new manager after Duffy's departure after four years at Cappielow.
A statement on the official club website, read: "Greenock Morton Football Club announce that Jim Duffy has left his position as manager having parted company with the club by mutual consent.
"We would like to thank Jim for his hard work and commitment to the club over the course of his four seasons here at Cappielow and wish him the very best of luck in his future career.
"The board of directors will now focus on identifying and recruiting the right person to take Morton forward. The club will make no additional comment at this time but will provide further updates as soon as possible."
In his first season in charge of Morton - after succeeding Kenny Shiels in May 2014, he led the Grenock side to the League One title and was named Championship manager of the year in May 2017.
Duffy had one year remaining on his contract, but with the club finishing seventh in the Championship, a change was forthcoming as they ended the season with a 3-0 defeat to Inverness Caledonian Thistle.