The Washington Wizards have fired Ernie Grunfeld as team president.

Tommy Sheppard has been named the interim general manager with a search for Grunfeld's replacement underway.

“We did not meet our stated goals of qualifying for the playoffs this season and, despite playing with injuries to several key players, we have a culture of accountability and a responsibility of managing to positive outcomes,” said Ted Leonsis. “I wish to thank Ernie for his service to the Washington Wizards. He and his family have been great leaders in our community and have worked tirelessly to make us a top NBA franchise.”

Grunfeld had been with the Wizards since the 03-04 season.