Ruud van Nistelrooy will be replaced by Peter Bosz at PSV Eindhoven.
Bosz, 59, was ousted from his position as Lyon’s head coach in October.
The Dutchman has previously played for German clubs Borussia Dortmund and Bayer Leverkusen as well as Ajax, where he led the Amsterdam giants to the 2016–17 Europa League final.
Bosz has been chosen by PSV to replace Van Nistelrooy, who left the Philips Stadion after the club won the Johan Cruyff Shield and KNVB Cup that season.
On the new position, Bosz said: “It’s a good feeling to be the head coach of this big club.
“I’ve felt at home since the first meeting. Both PSV and I are hungry for trophies. PSV won two prizes last season but it’s our aim to win the Eredivisie title this coming season. We will give our very best to reach our dream goal.
“I think there will be a good connection between my coaching style and the squad. PSV largely dominated Dutch football for several spells and I am looking forward to reliving that period.”
PSV director of football Earnest Stewart added: “Along with the players, the head coach is the most important person within our organization.
“That’s why we looked to fill the vacant managerial position as quickly as possible, also with an eye on the summer transfer window. Peter was our first-choice candidate, so we are pleased to have him on board.”
PSV ended the 2022-23 season two points behind champions Feyenoord, while they exited the Europa League in the knockout round play-offs to eventual winners Sevilla.
Their pre-season campaign will get under way against FC Eindhoven on July 26 before hosting Premier League outfit Nottingham Forest on July 30.