Beyonce will no longer be managed by her father, Mathew Knowles, her publicist said Monday.

The Grammy-winning singer and her father have parted ways "on a business level," publicist Yvette Noel-Schure told The Associated Press in a statement.

"I am grateful for everything he has taught me," Beyonce said in the statement. "I grew up watching both he and my mother manage and own their own businesses. They were hardworking entrepreneurs and I will continue to follow in their footsteps."

She didn't say what led to the split, but her father said in a separate statement to the AP late Monday that the decision was mutual.

Knowles has managed his daughter since she debuted as a teen in the multiplatinum-selling group Destiny's Child in the late 1990s and throughout her superstar career as a solo artist.

Knowles oversaw all aspects of Beyonce, from music to movies to fashion and more. Her career includes 16 Grammy awards, top-grossing movies "Dreamgirls" and "Obsessed," fashion ventures and lucrative endorsements.

The 29-year-old has released three multiplatinum albums – "Dangerously In Love," "B'Day" and "I Am ... Sasha Fierce" – and has 12 Top 10 hits on Billboard's Hot 100 chart, including five No. 1s. Destiny's Child had 11 Top 10 hits on the Hot 100 chart and six No. 1s.

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