The Boston Red Sox fired president of baseball operations Dave Dombrowski on Sunday and have elevated senior vice president Raquel Ferreira and assistant general managers Eddie Romero, Brian O'Halloran and Zack Scott to jointly lead their baseball operations department for the rest of the season.

Dombrowski, 63, was the architect behind Boston's 2018 World Series championship and had a contract that ran through the 2020 season. The Red Sox are in the midst of a disappointing campaign that has them eight games back of the second wild-card spot in the American League and 17½ games behind the first-place New York Yankees in the AL East.

The Red Sox formally announced the firing Monday morning.

"Four years ago, we were faced with a critical decision about the direction of the franchise," Red Sox principle owner John Henry said in a statement. "We were extraordinarily fortunate to be able to bring Dave in to lead baseball operations. With a World Series Championship and three consecutive American League East titles, he has cemented what was already a Hall of Fame career."

Ferreira, the senior vice president of major league and minor league operations in her 21st year with the Red Sox, will be part of an interim decision-making team and is set to become the highest-ranking woman ever in a Major League Baseball team's baseball operations department.

Romero, O'Halloran and Scott are longtime and well-respected Red Sox employees, as well, each hired by former Red Sox GM and current Chicago Cubs president of baseball operations Theo Epstein. When Epstein resigned from the Red Sox after the 2005 season, they installed a committee to make baseball operations decisions before rehiring Epstein in January 2006.

While Dombrowski's job security has been in question in recent weeks, the change is nevertheless a shocking about-face for an organization that less than a year ago was basking in the afterglow of a 108-win regular season and a dominant run through the postseason that included a five-game World Series victory against the Los Angeles Dodgers.

Red Sox manager Alex Cora, whom Dombrowski hired before the 2018 season, said after Boston's 10-5 loss to the Yankees on Sunday that he was "surprised and shocked" to learn of the move.

"This is a guy that gave me a chance to come here and be a big league manager," Cora said. "It's one of those things that caught me. They just told me, so I'm not ready to talk about it."

Dombrowski, who was hired in August 2015, had embraced the Red Sox's championship-or-bust mandate and used the team's ample farm system to acquire star players and build a go-for-broke major league roster. His hiring of Cora, trades for pitchers Chris Sale and Craig Kimbrel and signings of J.D. Martinez and David Price supplemented a homegrown core to deliver the team's fourth championship in 15 seasons.

It was not enough to keep his job. Despite returning almost all of the vital contributors to last season's championship, Boston has stumbled through the 2019 season and is in a tenuous position going forward because of financial commitments made under Dombrowski.

The signing of Price has produced solid return but not the sort expected from a $217 million deal. He has $96 million remaining on the final three years of his contract.

Sale, who is out for the remainder of the season with a left-elbow issue, signed a five-year, $145 million contract extension in spring training that doesn't begin until next season.

Dombrowski also gave $68 million to right-hander Nathan Eovaldi, who has struggled in his first season of the four-year deal.

The three will cost a combined $79 million in each of the next three seasons -- years during which the Red Sox have other significant moves to consider.

Their franchise player, right fielder Mookie Betts, can hit free agency after the 2020 season. Martinez, a middle-of-the-lineup force for the past two seasons, can opt out of the final three years of his contract this winter.

"It doesn't really matter who's there," Betts said of the effect Dombrowski's exit will have on his impending free agency. "Nothing is going to change. This is proof that this is a business. I love it here, but definitely still a business."

At the same time, the Red Sox still are replete with talent across the diamond. Shortstop Xander Bogaerts is one of the game's best, and he signed a very reasonable six-year, $120 million extension this spring that kicks in next season. Third baseman Rafael Devers is in the midst of a breakout year and is still just 22 years old.

With whom the Red Sox complement them is the question. Their farm system is considered among the thinnest in baseball, with scouts projecting few impact-type players.

Starter Rick Porcello, first basemen Steve Pearce and Mitch Moreland and utility man Brock Holt are among their free agents this winter, though arbitration raises for Betts and Jackie Bradley Jr. alongside the new contracts for Sale and Bogaerts would place their payroll at well over $200 million before making a move.

Issues with a $200 million payroll are baseball's definition of a first-world problem, but they don't lessen the difficulty of what Dombrowski's successors will inherit -- particularly with the possibility of trading Betts, who is expected to make well over $25 million in arbitration.

Porcello spoke fondly of Dombrowski, who drafted the pitcher while he was the Detroit Tigers' general manager in 2007 and traded him to Boston seven years later.

"He's seen me throw more innings than anyone other than my immediate family in person," Porcello said. "There's obviously something there. It's a business. I had a great time playing for him. At the same time, he's the same guy who traded me from Detroit to come here. It is what it is. We've all been in that revolving door of business transactions.

"It's unfortunate. Anything outside of player moves and things like that that translate to what we're doing on the field, you take an ounce of guilt; but as a player, you're the one that can make or break things. That's the part that hurts. At the end of the day, it's a business decision and completely over my head."

ESPN's Joon Lee contributed to this report.