Steve Kean is looking forward to "a massively exciting new era" at Blackburn having signed a long-term contract to remain as manager until 2013.
The 43-year-old took over in a caretaker capacity following the sacking of Sam Allardyce last month, and was later given a contract until the end of the season.
However, club owner Anuradha Desai signalled her intention to give Kean a long-term deal earlier this month, and has now delivered.
"I am delighted to commit my future to Rovers at the start of what I see as a massively exciting new era for the club," Kean said. "The owners have shown great faith in me and I will do all I can to repay them.
"This is a great opportunity for me and I intend to grasp it with both hands."
Kean joined Rovers as first-team coach in 2009, but has found himself thrust into the limelight, with Desai impressed by what she has seen so far.
"We have great confidence in Steve, someone who impresses us with his work ethic, enthusiasm, positivity and football philosophy," she said.
Rovers club captain Ryan Nelsen welcomed the news.
"With Steve, and the vision of the new owners, it's now going to be a really exciting time," he said.
"Steve has stood up and taken a fantastic grip of the realm, and now it's heading in the right direction."