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Beyonce's dad is no longer her manager

Beyonce's dad is no longer her manager
Beyonce attends press conference and ribbon cutting at the Beyonce Cosmetology Center at Phoenix House in Brooklyn, New York on March 5, 2010. UPI /Laura Cavanaugh | License Photo

NEW YORK, March 29 (UPI) -- U.S. pop star Beyonce has announced her father, Matthew Knowles, is no longer managing her career.

"I've only parted ways with my father on a business level," EW.com quoted the singer as saying in a statement Tuesday. "He is my father for life and I love my dad dearly. I am grateful for everything he has taught me."

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Matthew Knowles said in a separate statement he is proud of his daughter and remains committed to his company, Music World Entertainment.

"We did great things together, and I know that she will continue to conquer new territories in music and entertainment," the elder Knowles said. "Business is business and family is family. I love my daughter and am very proud of who she is and all that she has achieved. I look forward to her continued great success."

EW.com did not report a reason for the professional split.

The Web site said it is unclear who, if anyone, will be taking over as Beyonce's manager.

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