PARIS (AFP) - Former track cycling powerhouses Australia are on the lookout for a new head coach after announcing that French-Canadian Martin Barras will lose his post with the squad. In an statement on the Cycling Australia website Wednesday, national performance director Shayne Bannan said Barras would be offered "a new position with the AIS/CA (Australian Institute of Sport/Cycling Australia) High Performance Program". That decision comes in the wake of Australia's poor performances at the Beijing Games last month, where they won only one medal as Britain dominated the 10 finals with seven gold and 12 medals in total at the velodrome. Australia's medal blushes were saved by Anna Meares, who won silver behind new Olympic sprint champion Victoria Pendleton of Britain. That mediocre tally left Bannan admitting they would have to overhaul their whole training philosophy if they are to be competitive in London in 2012. Bannan hopes Barras - who once coached Britain's men's sprint team - will stay on in whatever role is offered to him. But it appears the French-Canadian has paid the price for Australia's failure to live up to their Olympic performances of 2004, when they dominated the Athens velodrome. "We look forward to Martin working across some other areas of the sport that we believe will benefit from the expertise, enthusiasm and commitment he delivers as a coach," added Bannan. Barras admitted that leaving the day-to-day coaching relationships he currently has with the sprint cycling group will be difficult. He added: "I've let the riders know of the change and I'm sure they'll continue to improve and succeed in the sport." Meares has been a direct beneficiary of Barras' experience and said she was sad to see him leave his post. "Martin has been my coach since I moved away from home in 2003 and it's hard to put into a few words what he means to me and what he's done for me," said Meares, who has won Olympic gold, silver and bronze medals and achieved great success at World Championships and Commonwealth Games under him.