Accrington Stanley Managing Director, David Burgess, said: "The Accrington Stanley Board of Directors want to thank John Coleman and Jimmy Bell for everything they have done for Accrington Stanley Football Club.
"Without John and Jimmy, Accrington Stanley would not be an EFL club.
"From coming here in 1999 and leading Accrington Stanley back into the Football League after 44 years was a dream come true for everyone then associated with the club.
"Their commitment to the club throughout their two managerial stints was unquestionable, and that along with their successes, has made the club what it is today.
"With the probability of making the promotion Play-Offs rapidly diminishing, we decided to make the changes now so we had time, between now and the end of the season, to work on what we feel is needed in the future for the best of Accrington Stanley.
"We understand that some fans may not agree with us, but it is the Board's job to make decisions to ensure that Accrington Stanley as a football club continues to develop moving forward.
"We wish John and Jimmy all the very best for the future."
