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Gennaro Gattuso out at Palermo, Giuseppe Iachini in

Sep 26, 2013, 9:45 PM EDT

AS Bari v US Citta di Palermo - Serie B Getty Images

Serie B club Palermo fired manager Gennaro Gattuso, the 2006 World Cup legend for Italy, after two wins, one draw and three losses to open the season. His replacement, Giuseppe Iachini, has taken three separate clubs from Serie B to Serie A in the last six seasons.

Palermo is in 12th place in Serie B, four spots beneath the promotion playoff zone but just three points above the relegation playoff zone. The club has lost its last two games, 1-0 to Spezia and 2-1 to Bari.

“It is with true and deep regret that we inform you that we have absolved Gennaro Gattuso from the post of head coach of the first team, Palermo president Maurizio Zamparini said in a club release. “Unfortunately, he and I together may have made a step too far for his first experience as manager in a club and public square as demanding as Palermo. The results have proven him wrong.”

Gattuso’s only previous managerial experience came as player-manager of FC Sion in Switzerland, where he became the fifth manager of the team in the 2012-13 season. He was fired after less than three months in charge when his team won just 10 points in his 11 league games in charge.

Iachini signed a two-year deal to coach Palermo, and Zamparini said in his statement that he expects Iachini to carry his club back into Serie A, from which it was relegated at the end of last season.