"Nobody has wanted Denis and Kevin to succeed more than the Directors of the club.
"However, we feel we have no option at this time but to make a change to allow us time to turn things around.
"This is a club that is making good progress off the field. We are extremely ambitious and want and need to be in a position to challenge in the league.
"We hope that a dawn of a new era will bring just that.
Brian Carey will take over first team duties.
Wrexham currently sit 20th in League 2. Just two points above the drop to the Conference.
Smith has had to battle hard in his time at Wrexham. He's been through relegation afetr his side were docked 10 points when put into administration and he's had to hold the footballing side together as the baordroom wranglings went on and on.
Good luck to Denis and Kevin.