Bert van Marwijk has quit as Holland boss after their humiliating Euro 2012 campaign.
The Dutch finished bottom of Group B after failing to earn a single point from their three group games against Denmark, Germany and Portugal.
The woeful display came only two years after they reached the World Cup final under van Marwijk, who took over from Marco van Basten in 2008.
A statement on the KNVB's website said: "On the initiative of Bert van Marwijk, the KNVB and Bert van Marwijk decided on Wednesday to end the coach's contract with immediate effect.
"The agreement between the FA and coach officially ran until the 2016 European Championship.
"The KNVB are grateful to van Marwijk. He has performed exceptionally well in the World Cup finals and took them to first place in the FIFA rankings.
"I personally had a very good feeling about our co-operation. Of course it is sad to part early, but we must be realistic."