Stimson only took the reigns at the club in September but a dreadful run of form including more than two months without a win have seen the Poppies drop into the relegation places.
A statement on the club's website read, "On behalf of the players, supporters and staff we thank Mark for his efforts during a very difficult period and wish him the very best for the future."
The news of Stimson's departure was quickly followed by the re-apppointment of Mark Cooper who was without a club following his sacking from league rivals Darlington in October.
According to the Poppies' official website Cooper will take charge until the end of the season in a caretake role.
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