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, we take a look at who is being tipped to be the next Hartlepool United manager:
9. Andy Woodman (6/1)
Woodman was one of the names in the frame to take over from Dave Challinor before they opted for Graeme Lee. Woodman led Bromley to a 10th place finish in the National League this season. (Photo by Julian Finney/Getty Images) Photo: Julian Finney
10. Mike Williamson (2/1)
The former Newcastle United man guided Gateshead to promotion from the Vanarama National North this season. He is one of a few names being considered by teams like Hartlepool for roles higher up the football pyramid. (Photo by Stu Forster/Getty Images) Photo: Stu Forster
11. Simon Grayson (1/1)
Former Sunderland and Leeds United boss Grayson has been out of work since being sacked by Fleetwood Town earlier this season and is now the favourite to take over from Graeme Lee. (Photo by Lewis Storey/Getty Images) Photo: Lewis Storey