The Binos parted company with McLaren on Saturday after a 4-0 home defeat to Elgin City.
That loss left them second bottom of Scottish League Two.
"No one could have worked harder than Stuart and I wish him every success in the future," said chairman Stuart Brown on the official website.
Former Stirling player McLaren was appointed boss in November 2014 following a spell managing Australian side Brisbane Strikers.
However, he could not save them from relegation, and they finished seventh last season.
Stirling Albion have have appointed Martyn Corrigan as caretaker manager as they search for a replacement for Stuart McLaren.