Wolves can confirm that managing director Laurie Dalrymple has had his contract ended and been placed on garden leave with immediate effect.
Initially hired as head of commercial affairs, Dalrymple exits Molineux after four-and-a-half years, three of which have been in his current position, overseeing all commercial, stadium and non-football administrative staff at the club.
There are no immediate plans to replace Dalrymple, with chairman Jeff Shi assuming some of the managing director’s key responsibilities going into the new season.
Shi said: “With the strong management team we have in place at Wolves we will continue to push forward on and off the pitch.
“We have very clear strategies for all areas of the club, and we are very much looking forward to the new challenges that this season will bring.”
The club would like to place on record its appreciation to Laurie for his contribution during his time at Wolves.