Sheffield Wednesday have appointed Dave Jones as their new manager.
The npower League One promotion chasers moved for the former Cardiff boss after sacking Gary Megson on Wednesday night.
Reports surfaced last week that Megson's job was under threat and even victory in the Steel City derby on Sunday was not enough to save the 52-year-old.
Jones and Paul Ince were installed as favourites for the Hillsborough hotseat with chairman Milan Mandaric seeking a swift resolution.
He has turned to Jones, 55, who returns to management after he left Cardiff last May following successive play-off defeats which saw them miss out on promotion to the Barclays Premier League.
Jones, who has signed a three-and-a-half-year contract, said: "This is a fantastic football club and a fantastic challenge for me.
"Promotion is the first ambition and from there is to try and get to the Holy Grail, which is the Premiership.
"I've had a lot of calls asking why I have dropped down to League One but I don't see it that way. I look at the size of the club and think this is a club that can go places.
"After talking to the chairman and seeing what he wanted and what his plans are, I had no hesitation in choosing here because it is a huge club that should not be where it is now."
Jones has a wealth of experience having taken charge of nearly 800 senior games during a 15-year managerial career.