Pep Clotet has been sacked by Oxford after less than seven months in charge of the Sky Bet League One club.
"The board has taken the decision after much consideration, and in the best interests of Oxford United FC.
"Pep has worked extremely hard throughout his time at Oxford. The board thanks him for his efforts and wishes him every success for the future.
"Derek Fazackerley will take charge of the first team until further notice, and the search for a permanent replacement has already begun. The board is focused on maintaining a challenge for promotion to the Championship and will make an announcement regarding a new manager as soon as possible."
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