David Moyes has been handed a six-year contract by Manchester United and will succeed Sir Alex Ferguson on 1 July.
Moyes, who leaves Everton after 11 years in charge at Goodison Park, was Ferguson's recommendation to succeed him as manager at Old Trafford.
Moyes, 50, was out of contract at Everton at the end of the season.
"We unanimously agreed on David Moyes," said Ferguson, who announced his retirement on Wednesday after 26 years as United boss "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. "There is no question he has all the qualities we expect of a manager at this club."
Moyes, who will be introduced as United boss in "due course", said it was "a great honour" to be appointed as the new manager of the Premier League champions.
"I am delighted that Sir Alex saw fit to recommend me for the job. I have great respect for everything he has done and for the football club," added the Scot.
"I know how hard it will be to follow the best manager ever, but the opportunity to manage Manchester United isn't something that comes around very often and I'm really looking forward to taking up the post next season."
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