The Atlanta Hawks have officially parted ways with head coach Lloyd Pierce, the team formally announced on Monday afternoon.

However, the Eastern Conference franchise has wasted absolutely no time in replacing Pierce. The Hawks have tabbed former Indiana Pacers head coach Nate McMillan to serve as the team's interim head coach, according to a recent report from Adrian Wojnarowski of ESPN.

Although the Hawks have yet to announce such a decision, the aforementioned Wojnarowski  is reporting that McMillan has already accepted the position in Atlanta.

The 56-year-old McMillan was in the midst of his first season as an assistant coach for the Hawks under Pierce. McMillan has previously served as the head coach of the Seattle SuperSonics, Portland Trail Blazers and Pacers while most recently leading Indiana between 2016 and 2020. He was let go from his post in Indiana following the conclusion of last season.

It is also worth noting that McMillan led the Hawks for three games earlier this season with Pierce briefly stepping away from the franchise due to the birth of his second child.

On the other hand, the soon-to-be 45-year-old Pierce began his time at the helm in Atlanta at the start of the 2018-19 campaign while ultimately wrapping up his stint with the Hawks sporting a 63-120 record.

As it stands today, the 14-20 Hawks are the No. 11 team in the Eastern Conference standings.

With playoff aspirations surrounding the upstart Hawks to begin the 2020-21 regular season, Atlanta has severely underperformed despite upgrading its roster this past offseason.