NEW YORK – Beyonce will no longer be managed by her father, Mathew Knowles.

In this Feb. 8, 2004 file photo, singer Beyonce Knowles arrives at the 46th Annual Grammy Awards with her father and manager Matthew Knowles in Los Angeles. [Photo/Agencies]

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

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.

Beyonce says in the statement that she is grateful for the role her father has had in her career.

She adds that "he is my father for life and I love my dad dearly."