“Stan has done a fantastic job for this Club, including a promotion and keeping us in the First Division for five seasons," said Mr. Kilby.
"I’m looking to the long term future of Burnley. With this in mind, managerial changes are inevitable. There can never be a good time and difficult decisions have to be made.
“Stan and I have enjoyed a close working relationship, he has always been passionate about Burnley and has been one of the best Burnley managers of all time.
"I would like to thank him for his devotion and dedication to Burnley and he will always be revered at Turf Moor.”
Burnley’s First Division status was confirmed last Saturday despite losing 3-0 away to Rotherham as Walsall lost at Crystal Palace. The Clarets have one more match left at home to Sunderland next Sunday, when Stan will manage his last game for the Club.
“I sincerely wish him well in his future plans," added Kilby.