Executive vice chairman Ed Woodward said: "I would like to thank Louis and his staff for their excellent work in the past two years culminating in winning a record-equalling 12th FA Cup for the club (and securing him a title in four different countries). He has behaved with great professionalism and dignity throughout his time here. He leaves us with a legacy of having given several young players the confidence to show their ability on the highest stage. Everyone at the club wishes him all the best in the future."
A decision on a successor as manager will be announced soon.