Gelsenkirchen, Germany  - Schalke 04 parted company with coach Fred Rutten Thursday, just hours after the Dutchman said he had been told by club general secretary Peter Peters that he would not be retained next season.

The 46-year-old Rutten was informed of the decision after a crisis meeting with supervisory board Chairman Josef Schnusenberg, which the club described as "very practical and also at times emotional."

Rutten's backroom coaching team of Mike Bueskens, Youri Mulder and Oliver Reck will take control of the first team until a successor has been found.

Gelsenkirchen, Germany - Schalke 04 are to part company with Dutch coach Fred Rutten by the end of the season at the latest.

Rutten said Thursday he had been told by club general secretary Peter Peters that he would not be retained next season.

The 46-year-old coach denied he was in talks with PSV Eindhoven and said he was continuing to focus on his job at Schalke.

"I still have a lot of fun working here," he said.