New Arsenal head coach Unai Emery was the "unanimous" choice to "drive the next chapter" at the club, says chief executive Ivan Gazidis.
Emery, 46, joins the Gunners having left French champions PSG after guiding them to the Ligue 1 title.
The Spaniard also won four domestic cups with the French giants, having previously steered Sevilla to three successive Europa League triumphs.
He succeeds Frenchman Arsene Wenger, who has left after 22 years in charge.
"Unai has an outstanding track record of success throughout his career, has developed some of the best young talent in Europe and plays an exciting, progressive style of football that fits Arsenal perfectly," Gazidis added.
"His hard-working and passionate approach and his sense of values on and off the pitch make him the ideal person to take us forward."
Manchester City assistant manager and former Gunners captain Mikel Arteta was a strong favourite to replace Wenger, but Emery - who has a limited command of English - was selected following the Gunners' recruitment process.
He will lead Arsenal into a new era following the departure of 68-year-old Wenger, who won three Premier League titles and seven FA Cups - including two Doubles - with the club.
"I'm very excited to be given the responsibility to start this important new chapter in Arsenal's history," said Emery.
"I am thrilled to be joining one of the great clubs in the game. Arsenal is known and loved throughout the world for its style of play, its commitment to young players, the fantastic stadium, the way the club is run.
"I'm excited about what we can do together and I look forward to giving everyone who loves Arsenal some special moments and memories."
Emery announced last month he would leave PSG when his contract expired at the end of the season, despite leading them to the Ligue 1 title.
During his two-year spell with the French giants, he also won four domestic cups, having joined from Sevilla in 2016.
It was in his home country that the former Real Sociedad and Toledo midfielder made his name as a manager, taking charge at Almeria and Valencia before moving to Sevilla in 2013.
There he won three successive Europa League titles as well as finishing runners-up to Barcelona in the 2015-16 Copa del Rey.
With a rebuilding job needed at Emirates Stadium following Arsenal's sixth-place finish in the Premier League, his meticulous, hands-on coaching may well be just what the Gunners need.
