Worrying the announcement might cause disarray in the squad the Spanish FA decided to make sure there was disarray by sacking him and having Hierro take over, whose only previous managerial experience was at Oviedo in the second division.
Under the 50-year-old, the Spaniards topped their World Cup group ahead of Portugal, but then suffered a disappointing last-16 exit when they were surprisingly beaten by hosts Russian Federation on penalties.
They finished top of Group B but suffered a shock elimination by hosts Russian Federation in the last 16 last Sunday in a penalty shoot-out after a 1-1 draw.
The Federation have scheduled a media conference on Monday to announce changes to the organisation's structure after Fernando Hierro, who took charge of the team during the World Cup, left his role as sporting director.
"The Federation want to highlight the professional and human values of an extraordinary athlete to whom we wish the best of fortunes".
Hierro took interim charge of Spain on the eve of the tournament in Russian Federation, after Julen Lopetegui was dramatically sacked as La Roja boss following the announcement of his appointment by Real Madrid.
"Thanks for everything, Fernando!".
Lopetegui was sacked two days before their opening World Cup match with Portugal after he was named Real Madrid boss.
According to Daily Star, Newcastle United manager is the latest name to be added to the shortlist that already includes Roberto Martinez, Quique Sanchez Flores and Luis Enrique A possible replacements.
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