Pools announced Lee’s exit less than 48-hours before their final game of the season against Colchester United after ‘a significant downturn in results and performances over recent months, despite investment in new players during the January transfer window.’
Lee was in charge for five months at the Suit Direct Stadium after he replaced Dave Challinor in December.
The former Middlesbrough academy man led Pools to League Two safety as well as the fourth round of the FA Cup and the semi-final of the EFL Trophy.
But results have dwindled over recent weeks with Pools winning just one of their last 11 games which has led to chairman Raj Singh relieving Lee of his duties with just one game remaining.
But who is in line to replace Lee?
Here, at The Mail, we look at who could be next in line at the Suit Direct Stadium. Ex-Middlesbrough and Real Madrid defender Jonathan Woodgate has already ruled himself out.
9. Keith Millen
Millen could move back into management following his exit at Carlisle United by mutual consent with the Blues sitting in the relegation zone at the time. (Photo by Pete Norton/Getty Images) Photo: Pete Norton
10. Chris Beech
Another former Carlisle United manager who would no doubt be interested in the role is Beech. The 47-year-old spent two years with Pools as a player making just over 100 appearances. Beech left Brunton Park in October 2021. (Photo by Jan Kruger/Getty Images) Photo: Jan Kruger
11. Keith Hill
Hill has had spells with Rochdale, Barnsley, Bolton Wanderers, Tranmere Rovers and currently Scunthorpe United but following the Iron's relegation would the potential move back to the Football League suit? (Photo by Pete Norton/Getty Images) Photo: Pete Norton
12. Kenny Jackett
Jackett was given an ambassadorial role with Watford following his sacking from Leyton Orient in February. Jackett is one of those in the mix to replace Graeme Lee with bookmakers (Photo by Gareth Copley/Getty Images) Photo: Gareth Copley