Hibernian today confirmed Alan Stubbs has been appointed the club's Head Coach with immediate effect - taking charge for the forthcoming 2014/15 Scottish Championship season.
Former Bolton, Celtic, Everton and Sunderland defender Stubbs, 42, had been under-21 coach for six years at Premier League outfit Everton, but has decided the time is right to step up to senior management.
Speaking on the club's official website, Stubbs said: "To be given this opportunity with Hibernian is a great privilege and a real honour - it is a massive club with huge potential."
"I'm excited about the future here at Hibernian and what we can all achieve together at the club - this is the start of the journey."
"The Scottish Championship will be a tough division, but I'm confident that if we approach the challenge with enthusiasm, optimism and belief then we can achieve success."
"I've been at Everton for almost six years and now I believe I'm ready to take on the role of Head Coach here at Hibernian."
"I would like to thank Everton for giving me the chance to take up this position with Hibernian and now I just can't wait to get started; helping the club to earn promotion."
Chief Executive Leeann Dempster says she is thrilled to have Stubbs on board for next season and reveals he will play an integral role in the club's new structure.
Leeann said: "There were strong candidates who applied for the position but after much consideration, Alan emerged as the stand-out choice."
"It's important that the CEO and Head Coach are very much on the same page and that they forge a close working and trusting partnership. I spoke with Alan and it became apparent early in the discussions that we had a common goal."
"He is a driven, intelligent and strong-minded character, who has a very clear vision about what he wants to achieve in football - producing positive results, playing attractive football and developing young players."
"All those attributes fitted the criteria we required and we're confident Alan is the right man to unite the club and bring success to Hibernian.
His role as 'Head Coach' as opposed to manager is a shift in direction for the club, who Leeann says are looking for a more 'continental style' of management.
"Alan will be our Head Coach and that is part of the new structure in place at the football club; a continental-style model designed for continued long-term success." She said.
"We would like to place on record our gratitude to Everton for allowing us to appoint Alan; they have been professional in every aspect of the discussion - a testament to how highly they thought of Alan within their own coaching staff."
Hibs were relegated from the Scottish Premier League along with Edinburgh rivals Hearts. They will be joined by the resurgent Rangers, who have moved from the fourth to second tier in Scottish football in successive seasons.