A disastrous run of form that has seen the Saints win only one of their last 17 Premier League matches always appeared likely to end in Pellegrino's demise.
That latest setback left Saints languishing just one place and one point above the relegation zone.
Hughes guided Stoke to top 10 finishes for three successive seasons from 2013 to 2016 but the club was in the relegation zone when he was sacked after an FA Cup third round defeat at the hands of League Two (fourth tier) Coventry City.
"We would like to place on record our thanks to Mauricio, Carlos and Xavier for their efforts during their time with Southampton, and wish them well for the future", the statement said.
Pellegrino was appointed last summer to replace Claude Puel, who was adjudged to have performed poorly in his lone campaign in charge of Southampton, but the current Leicester boss ensured the Saints were never fearing relegation.
Optical deal has Lumentum buying Oclaro for $1.8B
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Following the transaction, the executive vice president now owns 349,305 shares in the company, valued at $2,239,045.05.
"The club will look to appoint a new management team as soon as possible, with the search for a replacement already underway".
Southampton, who are the ninth Premier League club to change manager this term, are in their sixth straight season in the top flight and have not finished lower than 14th in that time.
So they hired Pellegrino, and nine months on they must be regretting their decision.
It is added that former Hull and Watford boss Silva "is not understood to be in consideration" for the post, while ex-West Ham manager Slaven Bilic "is not prominent on the immediate shortlist".
Mark Hughes has been named as the "leading candidate" for the vacant Southampton manager's position, not Marco Silva.
Southampton have lost a large number of players to their domestic rivals in the past few years and club chairman Ralph Krueger said earlier in the season that they were keen to end the perception that they were a selling club.
He said the tariffs would also hurt the USA auto industry and result in higher costs for consumers on both sides of the border. Other world leaders expressed hope that deals would be made with the Trump administration to avoid tit-for-tat tariffs.
Mark Lee increased its stake in Banc Of California Inc (BANC) by 13.76% based on its latest 2017Q3 regulatory filing with the SEC. The natural resource company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02.
In July 2007 one of its helicopters went down in the Hudson with a pilot and seven passengers aboard, all of whom were rescued. The helicopter crashed into the East River near Roosevelt Island, located near the Mayor of New York's official residence.
Now that singer is yet again back in a fresh controversy, we wonder what the 'papa kehte hai' singer has to say. The medical reports will come today and following that, Aditya will be questioned about the incident.
The list included Victoria Tauli-Corpuz, a United Nations special rapporteur for indigenous people's rights. Ms Tauli-Corpuz denounced the Government, calling the complaint "baseless, malicious and irresponsible".
After the block deal, Tata Sons will hold about 73% in TCS, which generated $18 billion in revenues in fiscal 2017. It is planning to sell the TCS shares for Rs 2,872 to Rs 2,925 each, CNBC TV18 reported on Monday.
Neymar has had a mixed start to life in Paris and speculation abounds about his future despite only joining the team past year . The Neymar issue is more important than ever and a major source of vexation for Doha, being their prized player.
Jane Doe was the 11th Powerball jackpot victor in New Hampshire history, and her massive payout is the biggest in state history. The commission says it will consult with the attorney general's office to determine what to do next regarding the case.
Iger told the crowd he was "glad to hear" Behar apologized because he "takes exception" to what she said. Pence said Behar seemed honest in her apology, and he was willing to forgive her over the episode.
QTS Realty Trust (QTS) Cut to "Neutral" at Guggenheim
TheStreet upgraded shares of Vornado Realty Trust from a "c+" rating to a "b-" rating in a research note on Monday, December 18th. After $0.64 actual earnings per share reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 3.13% EPS growth.
Barca Star: I Would Open The Door For Neymar's Return
Paris St Germain president Nasser Al-Khelaifi has flown to Brazil for talks with Neymar over his future, according to reports. Do you think the Brazilian will return to the Camp Nou in the coming months? 'He is a great player.