Inverness fired manager Craig Brewster on Monday with the club at the bottom of the Scottish Premier League standings.
A seventh consecutive loss against Hamilton on Saturday left Inverness one point adrift of Falkirk.
The 42-year-old Brewster was in his second spell at the club, having resumed control of the team in August 2007.
"This decision was not taken lightly but we feel it is in the best interests of the club looking forward," chairman George Fraser said. "The process of identifying a new management team is under way with the target of an early appointment geared to ensuring that the club retains its SPL status for the 2009-10 season."
Football director Graeme Bennett will take temporary charge with first team coach John Docherty and goalkeeping coach Stuart Garden.
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