Hull City have confirmed Leicester City boss Nigel Pearson as their new manager on a three-year deal.Craig Shakespeare and Steve Walsh will join Pearson as his assistants at Hull. [LNB]Leicester chairman Milan Mandaric said: "Nigel's done a fantastic job. It would have been wrong of us to deny him the chance to speak to another club." [LNB]Hull City's head of football operations Adam Pearson added: "We are delighted to welcome a manager of Nigel's experience and calibre to the club." [LNB]Nigel Pearson, 46, had a year remaining on his contract at the Walkers Stadium, but BBC Radio Humberside understand that compensation between the two clubs has been agreed, following the Tigers' approach last week. [LNB]"We feel it is a real coup for Hull City and that Nigel is the best man to mould the existing squad into a competitive Championship squad," former Derby chairman Adam Pearson continued.[LNB] Nigel has put together the foundations of a strong squad and it is now up to us to find a manager to build on those foundations Milan Mandaric "Nigel had two outstanding seasons at Leicester City and I feel sure that this experience and winning formula will ensure the very best chance of bringing success back to the club." [LNB]The ex-Southampton manager led Leicester to the League One title and the Championship play-offs in his two years at the club, after taking over from Ian Holloway in June 2008. [LNB]Mandaric added: "We were greatly surprised to receive the initial approach from Hull. The past few years have been a turbulent time for both me and the supporters at Leicester City. We have been striving to get a degree of continuity at the club. [LNB]"After speaking to Nigel, we have reluctantly agreed that if he wished to pursue this opportunity at Hull, we would permit it. [LNB]"I am deeply grateful to him for everything he has done for the club. He has put together the foundations of a strong squad and it is now up to us to find a manager to build on those foundations." [LNB]Nottingham-born Nigel Pearson, who started his league career at Shrewsbury Town after being signed from non-league Heanor Town, made his name first with Sheffield Wednesday, then under Bryan Robson at Middlesbrough.[LNB] It's a three year deal - that has made my day! Tommytiger666 He began his managerial career at Carlisle United, who he kept in the Football League in May 1999, thanks to goalkeeper Jimmy Glass's famous last-minute goal. [LNB]After working in the England set-up, Nigel Pearson rejoined Robson as assistant manager at West Bromwich Albion and was briefly caretaker boss following Robson's departure in October 2006. [LNB]He joined the Newcastle United coaching staff the following season under Glenn Roeder and was twice caretaker boss at St James' Park. [LNB]Nigel Pearson took over as Southampton boss in February 2008 but moved to Leicester that summer. [LNB]Hull had effectively been seeking a new manager since the removal of Phil Brown in mid-March. [LNB]Brown was placed on 'gardening leave' and Iain Dowie hired on a short-term deal with nine to games to go in a vain attempt to keep the Tigers in the Premier League.