Everton have confirmed the appointment of Carlo Ancelotti as their new manager.
The former Chelsea, AC Milan and Real Madrid boss has signed a four-and-a-half year contract with the Premier League club.
"This is a great club with a rich history and a very passionate fan base," the Italian said of his appointment.
"There is a clear vision from the Owner and the Board to deliver success and trophies.
"That is something that appeals to me as a manager and I am thrilled at the prospect of being able to work with everybody at the Club to help make that vision a reality.
“I have seen from the performances in the last two weeks that the players are capable of so much. The work Duncan has done is a great credit to him. Strong organisation, strong discipline and the right motivation are some of the key ingredients in football and I’m pleased that he will be part of my backroom team moving forward.”
His first match in charge will be against Burnley on Saint Stephen's Day.
Duncan Ferguson has been interim head coach since Marco Silva was sacked earlier this month and will be in the dugout for the Toffees' clash with Arsenal at Goodison Park this afternoon.