HEREFORD United have confirmed that they have parted company with Gary Peters.

The former Shrewsbury manager's position as Director of Football at the Edgar Street club was no longer required due to the Bulls' current financial difficulties.

"I have had a very constructive meeting with Gary Peters about the current position and we have mutually agreed that the position is no longer required within the club," Hereford chairman David Keyte told the club's official website.

"I would like to stress that this decision is in no way a reflection on Gary’s performance whilst at the club.

"His experience of the game is enormous and he has contributed fully to discussions on every subject.

"Gary joined us at a difficult time last year and got an immediate response from the players. In recent months he has also helped with the selection of and settling in of Martin Foyle and Andy Porter.

"Gary has done a lot of good work towards reducing the excessive running costs of the football department with particular reference to contracts and accommodation of players.

"It was clear that a lack of experience within the football club was evident on his arrival and we have benefited from Gary’s experience and guidance. He leaves the club in a better state than when he arrived.

"The members of the Board of Directors would like to place on record our thanks for the unstinting effort that Gary put into his work over the past year and we wish him and his wife Jill every success in the future.”