Martin has previously managed Dumbarton and had a spell as caretaker with Queen's Park after McCormack left the Hampden club.
Cornfield believes that, under Martin's direction, the Coatbridge are well prepared to mount a challenge this season.
"Many of the players feel this has been their hardest pre-season training in years and they feel at their fittest," he said.
"We now look forward to an exciting season with a settled team, a manager who knows all the players, having worked with them last season, and being involved in bringing the new players to the club."
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