"We are surprised and disappointed that Eddie is leaving a great club like Burnley so soon in the season.
“However, we understand that his decision reflects his personal circumstances rather than any matters at Burnley Football Club, be that supporters, the players or the Board.
“We wish Eddie well in his future career and thank him for the hard work he has done at Burnley over the past 20 months.
“Since we were elected co-chairmen, we have embarked on a wide-ranging programme of development at Burnley Football Club and this will continue.
“In some ways this change creates new opportunities that we can take on board as we look to improve upon our league position and create a strong platform for the future.
“We remain 100% committed and ambitious for the club.”