Britney Spears and Jason Trawick = Splitsville

britney-spears-jason-trawick-split

Things are changing for Britney Spears!

The X Factor judge, who reportedly quit the reality competition show earlier this week, is now splitting wth her fiance/manager, Jason Trawick.

The couple, who became engaged in 2010, both released official statements yesterday confirming the news. “Britney Spears and Jason Trawick have mutually agreed to end their one-year engagement,” her rep Jeff Raymond told PEOPLE exclusively. “As two mature adults, they came to the difficult decision to go their separate ways while continuing to remain friends.”

Spears and Trawick confirmed their parting in a statement her rep released to PEOPLE.

“Jason and I have decided to call off our engagement,” Spears says in the statement. “I’ll always adore him and we will remain great friends.”

Adds Trawick: “As this chapter ends for us a new one begins. I love and cherish her and her boys and we will be close forever.”