New boss Sean Dyche managed to convince Everton chiefs Bill Kenwright and Kevin Thelwell that he was the man for the job.
The former Burnley manager has taken the hot seat at the Goodison Park club.
Dyche, who replaces the sacked Frank Lampard, has the task of keeping Everton in the Premier League.
Kenwright told the club's website: “Kevin and I spent some valuable time with Sean over the past few days and he quickly convinced me that he has exactly the right attributes to make himself a great Everton manager – and a man who could inspire our fanbase.
“And Farhad felt the same when he met him, too."
Everton will be looking to spend money in the remaining days of the transfer window, after selling Anthony Gordon to Newcastle United.