In a short and sweet statement, it ended with the traditional line: "The club wish to thank Marcelino for his hard work and dedication during his time as coach, and wish him the best of success for the future".
Former Barcelona midfielder Celades, 43, joins until June 2021 and took his first training session on Wednesday.
Those in charge have decided they need to make a change, with Super Deporte reporting manager Marcelino has been sacked and will be replaced by Alberto Celades.
At present it appears that Lim's decision does not impact on sporting director Mateu Alemany and at present numerous Valencia CF players are supposed to be in a state of shock regarding Lim's decision.
The upheaval comes at a crucial time for Valencia, who travel to La Liga champions Barcelona on Saturday, before visiting Chelsea in their opening Champions League group game next week.
New iPhone met with myriad memes over weird , three-eyed design
It remains to be seen whether this combination of features will be enough to reinvigorate the iPhone's sluggish worldwide sales. Apple TV + will arrive about two weeks before a new Disney+ streaming television service, which costs USD2 more per month.
France shocks US in World Cup quarters
After the game, FIBA shared on its website three more statistics, which add an historic perspective to Team USA's loss to France . Gobert even feasted on the offensive end late, punishing Team USA guards off switches for easy layups and dunks.
Robert Mugabe's body being flown home from Singapore
A plane carrying the former leader and the visiting delegation departed shortly afterwards, his nephew Adam Molai told AFP . Yet Harare residents appeared largely unconcerned, with shops remaining open and people going about their daily errands.
Federal party leaders kick off election campaign
Trudeau will set the process in motion to dissolve Parliament by meeting with Governor General Julie Payette at Rideau Hall. Let the races begin: Prime Minister Justin Trudeau has officially launched the federal election campaign.