Tiger Woods will have a new coach when he returns to action later this year as reports on Monday indicated that the golf superstar has parted ways with Sean Foley.

Woods, who is expected to remain on the sidelines until December, announced the development through a post on his official website where he expressed gratitude to the veteran swing coach.

The former world No. 1 said that Foley is one of the best golf coaches, but he had to make the decision to end their professional relationship to take advantage of the long break that he will take.

"I'd like to thank Sean for his help as my coach and for his friendship," Woods wrote on Monday. "Sean is one of the outstanding coaches in golf today, and I know he will continue to be successful with the players working with him. With my next tournament not until my World Challenge event at Isleworth in Orlando, this is the right time to end our professional relationship."

Foley, who started coaching Woods during the 2010 PGA Championship, accepted Woods' decision. The 40-year-old coach said that coaching one of the best golfers in history is the highlight of his career, while also adding that he will be forever grateful for the working relationship that they enjoyed over the past four years.

"My time spent with Tiger is one of the highlights of my career so far, and I am appreciative of the many experiences we shared together," said Foley, who was Woods' third coach after Butch Harmon and Hank Haney. "It was a lifelong ambition of mine to teach the best player of all time in our sport. I am both grateful for the things we had the opportunity to learn from one another, as well as the enduring friendship we have built."

Harmon, who coach Woods from 1997 to 2002, could be considered to take over from Foley, but ESPN reported that a reunion is highly unlikely at this point.

Woods, who won nine tournaments under Foley but failed to win another major title, also said that he is not in a rush to find a new coach.

"Presently, I do not have a coach, and there is no timetable for hiring one," said Woods, who has not won a major title since winning his 14th major title during the 2008 U.S. Open.

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