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
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France shocks US in World Cup quarters
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US median household income barely budged in 2018: Census
Outside those urban areas, in the rural and suburban regions where Trump's support is strongest, household income barely changed. House Speaker Nancy Pelosi on Tuesday blamed Trump's "cruel health care sabotage" for the rising number of uninsured people.
Mozilla launches Firefox VPN extension for United States users
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