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Wenger’s final two seasons in charge saw Arsenal finish fifth and sixth in the Premier League, the two lowest finishes in the Frenchman’s 22-year reign.
The 68-year-old has since stepped down from his position with Unai Emery confirmed as Wenger’s replacement on Wednesday morning.
And Aubameyang insists he’s excited by the new era at the Emirates and hopes Emery will invigorate a club that has declined over the past two seasons.
‘It’s a little bit of a mixed feeling,’ Aubameyang, who only joined the club in January, said when asked about the managerial change.
‘Over the last few seasons – you have to tell the truth – the club has stagnated a little bit. I think everyone is actually a little bit excited to see what happens next season.’
Aubameyang arrived in a club-record £56million deal from Borussia Dortmund in the new year and has scored 10 times in 14 appearances in all competitions since.
His strike on the final day of the Premier League season, the only goal of the game at Huddersfield, proved the last-ever Arsenal goal scored under Wenger.
Ex-Paris Saint-Germain manager Emery arrives at Arsenal after leaving the Parc des Princes, where he completed the French treble the season before.
The 46-year-old previously managed Sevilla, where he won three successive Europa League titles, Spartak Moscow and Valencia.
Arsenal chief executive Ivan Gazidis claimed the club interviewed eight candidates for the job before determining Emery was the stand-out candidate.