The Colombian coach's contract expired upon the final whistle and he says he made the decision not to discuss a renewal on his way to the post-match press conference
Honduras coach Luis Fernando Suarez has announced that he will not continue in his job following the 3-0 defeat to Switzerland.
Suarez's contract was set to expire as soon as Honduras were eliminated from the World Cup and he has decided not to enter into discussions over an extension.
The Concacaf side went down to a Xherdan Shaqiri hat-trick in Manaus, though they missed several good chances to get back into the game in the second half.
"The second half was very good and we had three or four chances to score, but scoring is a different story and we disappointed our nation. When I leave here I will say goodbye to them, for Honduras’ sake I think we need a change.
"We had good results in the Olympics, I think this is a good team but somebody else can take this position and do better things. We have young players who are very good and a new coach will realise this. I’m very happy with my work.
"I am sad that I didn’t achieve the mission that I was entrusted with. It was a dream but I’m going to go on with my career. I always want to be connected to Honduras. I will always be a fan of Honduras, if I’m there or not I will always cheer for the team.
"The players taught me to like them a lot, I have this relationship with them. I owe them this. I would like to thank the whole operation; many, many thanks to everybody, I am sorry that I did not manage more."
Honduras finished bottom of Group E in Brazil, but bettered their performance in South Africa four years ago as they managed to score one goal.