Hibs have finally confirmed the worst kept secret in Scottish football, in appointing Alan Stubbs as "head coach".
Stubbs replaces former manager Terry Butcher at the club, under a new structure that includes CEO Leeann Dempster and new Head of football operations George Craig, as the club looks at a new "continental" style of running the club.
The former Celtic defender, speaking to the official site said:
"To be given this opportunity with Hibernian is a great privilege and a real honour - it is a massive club with huge potential," said the 42-year-old.
"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."
New Hibs CEO Leeann Dempster added:
"There were strong candidates who applied for the position but after much consideration, Alan emerged as the stand-out choice," she said.
"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.
"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."