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The Addicks sacked Powell on Tuesday morning, just hours after their FA Cup quarter-final exit at Sheffield United.
Mr Duchâtelet said: “We have been working with Chris Powell and his representatives for a couple of weeks to try and agree a contract extension which would have seen us continue to work together.
“There was good progress, but we could not reach an agreement over the club’s football strategy going forward
“The situation put a strain on the working relationship between Chris and the board. Therefore I think it is best for all parties that we part ways at this stage.
“I would like to thank Chris for his commitment and hard work over the past three years. The club enjoyed a number of good times under his leadership.
“However, given the club’s position in the league and the number of important fixtures upcoming, I felt this difficult decision was unavoidable at this time.
“We will look to quickly appoint a replacement who we feel will give us the best chance of avoiding relegation from the Championship.
“I can assure supporters this was not an easy decision, but it has been made with the club’s future in mind. Time will tell if it is the right decision.”
Charlton, who are bottom of the Championship with games in hand, host Huddersfield at The Valley on Wednesday night.
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