Darren Ferguson has been confirmed as the new manager of Preston North End after agreeing a three-and-a-half year contract with the Championship club.
Ferguson, 37, was one of the favourites to take the managerial reins at Deepdale following their decision to part company with predecessor Alan Irvine last week.
Irvine was axed with the club languishing down in 16th place in the Championship table.
Speaking last week, North End chairman Derek Shaw had dropped a strong hint that Ferguson was his preferred candidate for the job.
"Darren Ferguson did a fantastic job at Peterborough so he's obviously in the frame," he said.
"We would be foolish not to consider him but there are several quality candidates out there."
Ferguson, who is the son of Manchester United boss Sir Alex, was himself available after leaving fellow Championship strugglers Peterborough United in November.
He had led the Posh to back-to-back promotions from League Two during his first two years as a manager but was axed with the ambitious club lying at the foot of the table.
Ferguson will be assisted at Preston by his previous Peterborough coaching team of Kevin Russell and Scott Taylor.