Everton have confirmed Ronald Koeman as their new manager on a three-year deal.
The Toffees will pay about £5m compensation for the 53-year-old, who leaves Premier League rivals Southampton after two years in charge.
Everton have been without a manager since sacking Roberto Martinez just before the end of the 2015-16 season.
A deal with the Dutchman, headhunted by new owner Farhad Moshiri, was agreed earlier in the week and is reported to be worth about £6m a year.
The official announcement was delayed until Koeman had returned from holiday.
Saints finished seventh and sixth under Koeman - their best Premier League campaigns.
Ronald Koeman: Everton appoint ex-Southampton boss as manager - BBC Sport
The Toffees will pay about £5m compensation for the 53-year-old, who leaves Premier League rivals Southampton after two years in charge.
Everton have been without a manager since sacking Roberto Martinez just before the end of the 2015-16 season.
A deal with the Dutchman, headhunted by new owner Farhad Moshiri, was agreed earlier in the week and is reported to be worth about £6m a year.
The official announcement was delayed until Koeman had returned from holiday.
Saints finished seventh and sixth under Koeman - their best Premier League campaigns.
Ronald Koeman: Everton appoint ex-Southampton boss as manager - BBC Sport
