David said "I have nothing but good memories of my association with Pepsi."
"I've played a gladiator, a cowboy, a surfer, and worked alongside Beyonce and Jennifer Lopez as well as some of the biggest names in world football."
"I hope everyone who has seen the work enjoyed it as much as I enjoyed making it."
It is understood the end of the Pepsi deal will leave Beckham more time to focus on other products.
A PepsiCo spokesman said: "Pepsi is proud to have worked with David Beckham for 10 years, during which time he has been among the most successful and inspiring international footballers of all time."
"Our partnership has been one of the most enduring in global brand history and David will always be part of our Pepsi family."
"David's football legacy will live on and everyone at Pepsi will continue to be as passionate about his success as we have been over the last 10 years."
Personally I found the ads to always be very cheesy, so I am not too disappointed with this announcement.
This was the best Pepsi ad.
Here is the full length ad featuring Beyonce and Jennifer Lopez