Paul Tisdale is leaving his position as Exeter manager after 12 years in charge, the League Two club have announced.
Tisdale, whose side lost 3-1 to Coventry in the play-off final on Monday, had been the longest-serving manager in the English professional game following Arsene Wenger's departure from Arsenal.
Jim Bentley, who has been in charge of Morecambe since 2011, is now the longest-serving boss in the top four divisions.
Exeter said they had been in talks over a "new significantly-improved contract" for Tisdale since the middle of last year, but he had not met the club's deadline to sign it.
Exeter chairman Julian Tagg, who said he had done all he could to keep Tisdale, told the club website: "Regretfully, Paul has decided not to sign.
"We wish him the best of luck for the future and would like to thank him for his commitment to our club over the last 12 years.
"Our offer of a new contract to Paul came with our express desire that he sign it in order to allow the club to plan and go forward with certainty. It is of course entirely Paul's prerogative that he should choose to let the club's deadline for a decision pass, but we are now at the point where we must move on and unexpectedly plan for a future without Paul as our manager."
Tisdale, 45, joined Exeter from Team Bath in 2006 and guided them to promotion back to the Football League in 2008 and to League One in 2009, although they were relegated back to the fourth tier in 2012.
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Wycombe have rejected an approach from an unnamed Championship club to speak to manager Gareth Ainsworth about their managerial vacancy.
Although League Two Wanderers have not revealed the identity of the club, Barnsley are currently the only second-tier side without a manager following Paul Heckingbottom's departure to Leeds.
Ainsworth has been in charge at Adams Park since 2012 and has guided the promotion-chasing Chairboys to third in the table this campaign.
Wycombe sporting director Andrew Howard said the Buckinghamshire club were keen to retain Ainsworth's services.
"Gareth is under contract with us and continues to do an outstanding job, and therefore we are fully focused on continuing the progress we are making with him in charge," Howard told the club's official website.
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Cheltenham Town manager Gary Johnson is to have heart surgery, the club has announced.
Johnson missed the League Two defeat at Doncaster Rovers due to illness and, after continuing to feel unwell, was admitted to hospital over the weekend.
The club website confirmed that Johnson is to undergo the surgery on Thursday and will miss the next few weeks as he recuperates, with assistant manager Russell Milton in charge of the first team in the meantime.
Club chairman Paul Baker confirmed the club will give Johnson their full support, as the side battles to retain their place in the football league, currently sat 22nd in the table, one place and seven points clear of the relegation zone.
We wish Gary a full and speedy recovery from his operation and we will be offering our full support to him and his family over the next few weeks.
The most important thing is that Gary returns to full health and the backroom staff, led by Russell, are more than capable of running things in his absence.
We look forward to welcoming Gary back once he has been cleared to return to work but, realistically, this may take some time but the board will give Gary their full support in his recovery process.