Dutchman Ronald Koeman became the new manager of English Premier League club Everton on Tuesday after Southampton reluctantly agreed to release him a year early from his contract.
The 53-year-old -- who guided Southampton to their highest finish in the Premier League of sixth last term and a place in the Europa League -- signed a three-year contract with Everton and replaces Roberto Martinez, who was sacked just before the end of last season.
Koeman -- who had pledged to see out the last year of his contract with Saints -- has been lured to Everton by the promise by the club's major shareholder, Iranian billionaire Farhad Moshiri, of a significant transfer kitty of more than £100 million (125 million euros, $141 million).
Koeman, who has previously coached Dutch sides PSV, Feyenoord and Ajax, said he was proud moment to take over the reins at Everton, who finished a disappointing 11th in the Premier League table.
"I am very excited to be Everton manager," said Koeman, who was part of the outstanding Dutch side that won the Euro 1988 title.
"I believe in the club, in the team, in the fans and in our ability to achieve things in the future.
"Everton is a club with a great history and real ambition and it is a proud feeling for me to be part of what we want to go and do, together with the chairman (Bill Kenwright) and Farhad Moshiri.
"I am looking forward to meeting everyone at the club and to preparing for a big season in the Premier League."
Theatre impressario Kenwright said it was a huge moment for the club, having managed to wrest their top target away from their Premier League rivals.
"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," said Kenwright.
"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.
"The hopes and aspirations that we all have as Evertonians are with him, as is our total support at board, shareholder and fan level."
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