Sir Bobby Charlton said: "I have always said that we wanted the next manager to be a genuine Manchester United man. In David Moyes, we have someone who understands the things that make this such a special club.
“We have secured a man who is committed to the long-term and will build teams for the future as well as now. Stability breeds success.
“David has tremendous strength of character and recognises the importance of bringing young players through and developing them alongside world class talent.
"At United, I think David will be able to express himself. I’m delighted he has accepted and I’m looking forward to working with him.”
David Moyes will hold his weekly press conference this afternoon but will not answer questions about Manchester United manager.
Loyal, driven and fiercely competitive - the traits of the new Manchester United manager David Moyes
David Moyes has emerged as the frontrunner to succeed Sir Alex Ferguson as Manchester United manager.