The move was announced by sporting director Jim Magilton earlier this afternoon.
Rathdowney's Shane Keegan is stepping into the role of manager at Dundalk with Fillipo Giovagnoli switching to a coaching position.
The Italian was appointed as Vinny Perth's successor last season but a lack of a PRO license saw UEFA fine the Louth club €50,000 during the Europa League Group Stages.
New sporting director Jim Magilton doesn't want a repeat of that, but is adamant that team selection will be a collaborative process.
Giovagnoli and assistant Giuseppe Rossi have applied attain their 'PRO' and 'A' badges but it could be 2022 before either is able to find a place on a coaching course.
Westmeath Manager Expects Two Point Onslaught In Wexford
Patchy Laois Wrap League Campaign Against Table Topping Down
Laois And Offaly Begin Minor Hurling Campaign
"Special Doesn't Do These Lads Justice"
Upwardly Mobile Athlone Take On Treaty
Ireland Name Nine New Caps For Six Nations Squad
Panthers Promotion Hopes Dashed On Final Weekend
Colaiste Mhuire Mullingar: All Ireland Champions
Dublin Sink Offaly In Camogie
Lowry Looks On Shaky Ground Since Cognizant Collapse
"Unhappy" Laois Leave Fermanagh With Some Regret
Laois Ladies Football Legend Honoured By County Council
Westmeath School Primed For All Ireland Final Shot
Offaly Relegated After Cavan Defeat
Offaly And Longford Chase Semi-Final Spot In Division Four
Gold Cup Takes Centre Stage On Final Day Of Cheltenham
Offaly TD Demands Stronger Ticket Touting Laws As Six Nations Prices Hit €3k
Offaly Travel To Dublin For Fourth Round Of National Camogie League
Athlone Town Get Title Defence Underway Tomorrow