Beyonce is losing her dad, Matthew Knowles, as her manager. (Danny Moloshok/Reuters)

The publicist for the “Crazy in Love” songstress announced that Beyonce and her dad have parted ways “on a business level,” the Associated Press reports. Matthew Knowles has acted as his daughter’s business manager since she was in Destiny’s Child.

No reason for the severing of managerial ties was given, but Matthews Knowles released a statement saying the decision was mutual.

Beyonce’s mother, Tina Knowles, and father have dealt with rocky times in recent months, but last fall it appeared they had called off plans to divorce. As TMZ and other outlets reported, their 2009 divorce filing was prompted by a paternity suit against Matthew Knowles that revealed he had fathered a child outside the marriage.

“He is my father for life and I love my dad dearly,” Beyonce said in her statement about dropping him as her manager. “I am grateful for everything he has taught me.”

Beyonce did not say who her new manager will be.