Today the right answer is for Pep to finish his journey as the Manager of Manchester City," Al Mubarak said.
"There have been points along the way when he could have stopped, and it would have been enough.
Somehow, Pep always found new energy and pushed on, finding different and innovative ways to continue winning and delivering success."
Chief Executive Officer Ferran Soriano highlighted the unexpected volume of success achieved during the decade and confirmed Guardiola's upcoming role within the wider multi-club network.
"Nobody would have believed, ten years ago, that we could win 20 trophies in this decade, playing entertaining football of such high quality.
It was unthinkable… and yet it was done," Soriano said.
"As we celebrate the past, we are also very happy to know that Pep will stay with the Group and we will be able use his knowledge and experience in so many of our other clubs to help managers and players."
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Former Chelsea manager Enzo Maresca is currently considered the frontrunner to fill the vacant managerial position at the Etihad Stadium.