He’s been her manager since day one, but now Beyonce has decided to end her business relationship with Mathew Knowles. In a statement released by her publicist, the singer revealed that her father is no longer her manager.

Knowles has managed Beyonce’s career ever since she hit the scene as the lead singer of Destiny’s Child back in the late 1990’s and throughout her career as a solo superstar. In the statement, Beyonce says that she is grateful for the role her father played in her career.

“I’ve only parted ways with my father on a business level. He is my father for life and I love my dad dearly. I am grateful for everything he has taught me.”

In a separate statement, Mathew Knowles confirmed the split and also revealed that he would be discontinuing his relationship with R&B singer Tiffany Evans.

See what Mr. Knowles had to say in his statement below:

The decision for Beyoncé and Music World Entertainment to part was mutual. We did great things together, and I know that she will continue to conquer new territories in music and entertainment. Currently, I am very focused on the tremendous investment that our record label has made in the gospel/inspirational genre of music and on our supremely talented roster of artists, including Trin-i-tee 5:7, Brian Courtney Wilson, Juanita Bynum, Micah Stampley, Vanessa Bell Armstrong, Pastor Rudy and others.

Music World will continue its partnership with Sony with Destiny’s Child and UK female group From Above, as well as management. We will also continue to develop the Music World family of labels: Music World Country/Compadre, Music World Kids and Music World Music. In Music World’s repositioning it will not continue its label/management role with Columbia/Sony artist Tiffany Evans.

Business is business and family is family. I love my daughter and am very proud of who she is and all that she has achieved. I look forward to her continued great success.

We also look forward to the big “surprise” announcement that Beyonce will be joining Rihanna, Willow Smith, J. Cole and everyone else at Roc Nation. Can’t say we didn’t see this coming though. First it was Michelle. Then Kelly smartened up, and now Beyonce has left the reigns of Mathew Knowles.

But now that we’ve gotten all that out the way … where’s that first single from your new album Beyonce?