Raith Rovers have appointed former Cowdenbeath, Hearts and Leicester City manager Craig Levein as their new boss to replace Gordon Dalziel.
Levein grew up as a Rovers fan
Levein has been out of football since he was sacked by Leicester in January and will take up the post on a non-contract basis.
Former Leicester scout and Hearts youth coach Gary Kirk becomes assistant.
Raith chair David Sinton said: "We are thrilled to have secured the services of a manager of Craig's pedigree."
Levein supported Rovers as a boy and the Kirkcaldy outfit view his appointment as a major coup.
"We feel certain that his experience and knowledge will be invaluable to us," Sinton told his club website.
The club accepts that this arrangement may be on a short-term basis
Raith Rovers chairman David Sinton
"In the wake of Gordon Dalziel's departure, the board met and it was decided to contact Craig, who is known to be a boyhood supporter of the club, to ask his advice on how to return Raith Rovers to the upper echelons of Scottish football.
"During these discussions, it became apparent that there was an opportunity for an arrangement that would benefit both Craig and the club."
Levein wishes to be free to leave the Second Division outfit should a larger club make an approach.
"Whilst the club accepts that this arrangement may be on a short-term basis, the board is certain it is in the best interest of the club as we continue to make progress following the takeover," said Sinton.
"We are sure that supporters will unite behind the manager as he takes the helm.
"We know that Craig is very keen to fully integrate the youth development operation with the senior side, while of course setting his sights on promotion from Division Two."
Dalziel arrived at Stark's Park in October 2004
Levein won 16 caps for Scotland while playing for Hearts and began his managerial career at Cowdenbeath.
He returned to Tynecastle in 2000 and spent close to four years in charge at Hearts before leaving for Leicester.
However, Levein lasted just 14 months at the Walkers Stadium and was dismissed after a poor run of results.
Rovers announced on Friday that Dalziel was to go just four matches into the league campaign.
They had picked up just four league points this season and have been knocked out of the CIS Insurance Cup and the Challenge Cup.
The Kirkcaldy club refused to comment on the reason for 44-year-old Dalziel's departure.