Everton have announced Ronald Koeman has left Southampton to become their new manager, signing a three-year contract.
The Toffees have been on the lookout for a new boss since parting company with Roberto Martinez towards the end of last season after a poor Premier League campaign.
The Merseysiders have now turned to Koeman to get them back on track, the Dutchman having enjoyed great success during his two years with Southampton.
The Saints finished sixth in the Premier League last season, securing a place in the Europa League, while breaking the club’s points record in the process.
The 53-year-old, who has previously had stints in charge of PSV Eindhoven and Valencia, will now move to the north-west after Everton agreed to pay Southampton £5million in compensation.
Koeman will take his brother and assistant manager Erwin, along with fitness coach Jan Kluitenberg, with him to Goodson Park as part of the agreement with the Saints.
Everton chairman Bill Kenwright claims Koeman was always the club’s number one target to succeed Martinez and is delighted to have landed the ambitious coach.
“Ronald has such a strong track record in the game, instantly commanding respect for what he achieved as a player and for his qualities and accomplishments as a manager,” said Kenwright.
“We are really pleased to have secured the man who was our number one target from the moment we set out to appoint a new manager.”
Following the takeover of Farhad Moshiri earlier this year, Koeman is expected to have plenty of funds available to him to improve his squad during the summer transfer window.
Everton are 12/1 to finish in the top four next season, while they are 7/2 to end the 2016/17 campaign in the top six.