Paul Scholes has been appointed as Oldham manager on a one-and-a-half-year deal, the League Two club have announced.
Scholes, who will be joined by former Latics coach Mick Priest as his assistant, replaces academy coach Pete Wild, who had been in caretaker charge since Frankie Bunn was sacked in December.
Latics owner Abdallah Lemsagam said: "Paul has won everything there is to win in football. He is a man who will bring a lot of footballing knowledge and his hunger to succeed in management will be there for everyone to see.
"It's no secret how much he has wanted this job in the past and how much he loves this club, so I'm very happy to bring him into our family at Oldham Athletic.
"Paul will have my backing 100 per cent and hopefully we can work together to bring success back to this club."
Scholes, who owns a stake in Salford, will step down from his role as director of the National League club and revealed he had thought long and hard about embarking on a managerial career and was delighted to get started.
"I couldn't be any happier at the minute," he told Oldham's official website. "It's been a while. Obviously there's been talk of it when I finished my (playing) career.
"It wasn't something I was quite ready to do and there's obviously been three or four times over the last six years where it could have happened and I've not been quite ready.
"But now I feel, I hope, the time is right to give it a go and hopefully we can be successful together."
The Latics are delighted to have
"Although Paul was never operational in Salford City he will resign as a director of the football club, allowing him to focus completely on his new role at Oldham," Salford said in a statement on their official website.
"From the start we have always said that each of the Class of '92 would offer different levels of commitment dependant on their individual roles.
"Salford City is a long term interest for the Co92 and Paul will retain his 10 per cent shareholding in the club."
The English Football League gave Scholes the go ahead last week to take charge of Oldham, ruling that there was no conflict of interest.