The side has had a poor run of from in the SSE Airtricity First Division.
Athlone Town has parted company with manager Martin Russell.
He took over the senior men's team at the start of the season - however, the side has yet to record a win in the League of Ireland.
In a statement, the club says it will now start the process of recruiting a new manager.
In the meantime, Director of Football Dermot Lennon will take charge.
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Rob Carney from Offaly also impressed.
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