Jim Chapman played with Albion Rovers and Dumbarton before managing Albion Rovers and Dumbarton who were promoted to Division 2 under his stewardship.
Annan chairman Henry McClelland was delighted with the appointment and said:
Jim has plenty of experience and will be good for the club. We are hoping that assistant manager and interim boss, Euan Brydson will stay on at the club.”
More top news
A woman who stole almost £30,000 from her partner's elderly grandfather has been spared immediate prison.
A host of Roman treasures have been unearthed during excavation work at Carlisle Cricket Club.
A family from Dumfries have spoken for the first time about the moment they were almost killed after a lorry driver ploughed into their car.