Corvette Racing has confirmed that Jan Magnussen will not return to the team for the 2020 IMSA WeatherTech SportsCar Championship season and will “explore new driving opportunities” away from the team.

It is the first official confirmation of the Dane’s exit from the team, which as previously reported by Sportscar365, will make way for Jordan Taylor to enter into a full-season ride with the Pratt & Miller squad.

Since joining Corvette Racing in 2004, Magnussen has played a major role in the team’s success, with 35 class victories, including four in the 24 Hours of Le Mans and one in the Rolex 24 at Daytona, four IMSA championships and 17 pole positions in 156 starts.

“I’m fortunate to have had such a long career with Corvette Racing,” Magnussen said. “When I joined the program in 2004, I never thought this would be my home for the next 16 years.

“The team is like my second family. I’m very proud of the championships and race wins we achieved together against very tough competition.

“Thanks to everyone at Corvette Racing for the good times and memories.”

Magnussen spent his first three years with the team as an endurance driver and became a full-time driver in 2007.

He partnered with current teammate Antonio Garcia full-time starting in 2012, with the pairing winning GT Le Mans championships in 2017 and 2018.

“Everyone at Corvette Racing thanks Jan for his years of dedication and professionalism during the last 16 years,” said Jim Campbell, Chevrolet U.S. vice president of Performance and Motorsports.

“Jan has been a key part of the growth and success of Corvette Racing. His experience and insight have been invaluable.

“We hold Jan in the highest regard and wish him well in the next chapter of his career.”

Corvette has not yet formally confirmed Taylor, as well as another likely driver change to its lineup for 2020.