Bolton have parted company with Neil Lennon just days after Dean Holdsworth’s takeover.
Wanderers are bottom of the Championship and 11 points from safety following Saturday’s 2-1 home defeat to Preston.
They have won just four league games all season and Lennon departs having won just 18 times in 80 matches in charge.
A club statement read: “Bolton Wanderers can announce that the club have today, Tuesday 15 March, parted company with manager Neil Lennon by mutual consent.
“All at Bolton Wanderers would like to thank Neil for his contributions during his time at the club.
“Academy manager Jimmy Phillips will take charge of the first team on an interim basis.”
Bolton go to Bristol City on Saturday under new ownership after a Holdsworth-led consortium, Sports Shield Group, completed a takeover on Friday.