The Toffees will pay about £5m compensation for the 53-year-old Koeman, who leaves Premier League rivals Southampton after two years in charge.
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Everton have been without a manager since sacking Roberto Martinez just before the end of the 2015-16 season.
Koeman said Everton is a club with a “great history and real ambition 🙂 🙂 🙂 “, while chairman Bill Kenwright called the Dutchman his “number one target”.
A deal with the former Netherlands international headhunted by new owner Farhad Moshiri, was agreed earlier in the week and is reported to be worth about £6m a year.
The official announcement was delayed until Koeman had returned from holiday.
#SaintsFC can confirm it has accepted the resignation of manager @RonaldKoeman, ahead of his appointment at #EFC. pic.twitter.com/Mip9c13Xvw
— Southampton FC (@SouthamptonFC) June 14, 2016
“Ronald has such a strong track record in the game, instantly commanding respect for what he achieved as a player and for his qualities and accomplishments as a manager,” added Kenwright.
“We are really pleased to have secured the man who was our number one target from the moment we set out to appoint a new manager.”
Koeman made more than 750 appearances as a player, scoring 253 goals, and won the 1988 European Championship with the Netherlands.
He also won four domestic league titles in both the Netherlands and Spain.
Koeman has also managed Vitesse Arnhem, Ajax, Benfica, PSV, Valencia, AZ Alkmaar and Feyenoord, winning the Dutch league with both Ajax and PSV, and a Spanish Cup with Valencia.
Source: BBCFollow @newslexpoint
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