January 12, 2013 01:32:46 GMT
As the couple 'came to the difficult decision to go their separate ways while continuing to remain friends,' Jason resigns as the 'Womanizer' singer's co-conservator.
Britney Spears has split from her fiance of a year, Jason Trawick. Her representative confirms to PEOPLE, "Britney Spears and Jason Trawick have mutually agreed to end their one-year engagement. As two mature adults, they came to the difficult decision to go their separate ways while continuing to remain friends."
The "I Wanna Go" songstress says in a statement, "Jason and I have decided to call off our engagement. I'll always adore him and we will remain great friends." Jason adds, "As this chapter ends for us a new one begins. I love and cherish her and her boys and we will be close forever."
Britney began dating her agent Jason in 2009. They later ended their professional relationship to focus on their personal relationship. The couple got engaged in December 2011. Rumors of their split started swirling a year later, but it was shut down as the two exchanged sweet messages on Twitter on his 41st birthday.
As the pair called it quits, Jason has submitted petition to be removed as Britney's co-conservator which was accepted Friday, January 11 by Superior Court Judge Reva Goetz. The singer's father James Spears is now a sole conservator of her personal and financial affairs.
Britney was previously married to Kevin Federline from September 2004 to July 2007. They have two sons together, 7-year-old Sean Preston Federline and 6-year-old Jayden James Federline.