Former Preston North End boss David Moyes will become Manchester United manager on July 1.
Moyes has signed a six-year contract and will take over from Sir Alex Ferguson who is retiring at the end of the season.
The Scotsman managed North End from January 1998 to March 2002 before joining Everton.
Announcing his successor, Sir Alex Ferguson said: “When we discussed the candidates that we felt had the right attributes we unanimously agreed on David Moyes.
“David is a man of great integrity with a strong work ethic. I’ve admired his work for a long time and approached him as far back as 1998 to discuss the position of assistant manager here.
“He was a young man then at the start of his career and has since gone on to do a magnificent job at Everton.
“There is no question he has all the qualities we expect of a manager at this club.”
United director Sir Bobby Charlton said: “I have always said that we wanted the next manager to be a genuine Manchester United man.
“In David Moyes, we have someone who understands the things that make this such a special club.
“We have secured a man who is committed to the long-term and will build teams for the future as well as now. Stability breeds success.
“David has tremendous strength of character and recognises the importance of bringing young players through and developing them alongside world class talent.
“At United, I think David will be able to express himself.”