Murphy opts not to take up Charlton CEO role
The American former professional footballer has previously held the same role at Barnsley and Nottingham Forest, overseeing the Reds' promotion to the Premier League in 2021-22.
The Addicks announced Murphy would take the helm at The Valley last month.
But the club says the two parties have now agreed the former DC United and New York Cosmos player will not step into the role.
"This decision was made in light of personal and professional considerations on Dane's part, and we fully respect and support his choice," chairman Gavin Carter told the club's website.
"While Dane had not formally commenced the position, we are grateful for the time and effort he dedicated during the exploratory and planning phases. We thank him for his integrity throughout this process and wish him the very best in his future endeavours."
Charlton begin their first season back in the Championship following promotion against Watford on Saturday, 9 August.
Charlton set to appoint Murphy as CEO
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