Everton have appointed PSV's Marcel Brands as the club's new director of football, replacing Steve Walsh.
Walsh was recruited from Leicester City in 2016 but came under pressure after a £150million splurge on players such as Gylfi Sigurdsson, Michael Keane and Jordan Pickford failed to propel Everton into the Premier League's top six.
The Toffees struggled early in the season before Sam Allardyce - appointed following the sacking of Ronald Koeman - salvaged an eighth-place finish.
And Walsh has now, like Allardyce, been relieved of his duties, with Brands given the role following success with RKC Waalwijk, AZ and PSV in the Eredivisie.
Brands helped AZ win the Dutch top flight before playing a key role in PSV's three titles in the last four years.
"It is a privilege to be joining Everton as director of football and I am incredibly excited to take on this challenge," said Brands.
"The fantastic passion of the fans for their club, the magnificent history of the club over the years and the ambition and purpose we have as people tasked with driving the club forward all mean that we need to be competing for honours against the Premier League elite.
"It is no straightforward challenge but this must be our motivation each and every day.
"I am looking forward to working with [owner] Farhad Moshiri and Chairman Bill Kenwright, whom I thank for entrusting me with this role and responsibility, and I am also looking forward to working with the Board of Directors and with our new CEO, Denise Barrett-Baxendale. I know we have very committed people here who want only the best for Everton.
"It is only a challenge such as this which could have persuaded me to leave PSV where I am indebted to the many people whose collective effort led to some great achievements.
"Now we will look to build something really strong and lasting here at Everton."
Barrett-Baxendale added: "On behalf of the board and Mr Moshiri, I'd like to express our thanks to Steve Walsh, our first ever director of football, who has now left the club. We all wish Steve well for his future."
|Pochettino confirms Walker-Peters set to start against Barcelona|
|Denver Nuggets add free agent Young|
|Topping Group A no magic wand for an easy knockout draw, says Simeone|
|The cake has been made, now we need the cherry - Ancelotti targets repeat at Anfield|
|Lloris braced to face ´one of the best in history´ in Messi|
|Tuchel expects Neymar to face Red Star|
|Foden signs Manchester City deal to 2024|
|It happened to me! - Valverde laughs off Dembele timekeeping|
|´Projecting´ an Argentina return? Messi met with AFA president and Scaloni|
|Erasmus expects to leave head coach role after World Cup|
|Chelsea issue suspensions pending investigation into Sterling incident|
|Kane is extraordinary – Valverde hails reported Barcelona target|
|Man behind Naomi Osaka´s rise wins WTA Coach of the Year|
|England name unchanged Test squad as Willey returns for West Indies ODIs|
|Spalletti: No issue with Icardi watching Superclasico in Madrid|
|Klopp confirms 2013 talks with ´chatty´ Napoli president De Laurentiis|
|Sri Lanka spinner Dananjaya suspended due to illegal action|
|His reaction was just brilliant – Klopp praises Sterling for response to abuse|
|Gomez renewal a ´smart decision´ for both parties – Klopp|
|Magnificent Molinari named European Golfer of the Year|
|Barcelona best option for Frenkie de Jong, insists midfielder´s father|
|Gronkowski on Miami Miracle: ´Got to make that tackle´|
|Tottenham youngster Walker-Peters signs on until 2023|
|Juventus ´more of a family´ than Real Madrid - Ronaldo|
|Kingsley Coman contemplates retirement if injury nightmare continues|
|McVay ´sick´ over offensive failings as Rams coach takes blame for loss|
|Calleja axed as Villarreal coach|
|Kenyan Drake on Miami Miracle: I couldn´t let Gronk tackle me!|
|Ronaldo: I deserved Ballon d´Or, the numbers don´t lie|
|Rugby Australia to make Cheika decision this month|
|England defender Gomez signs new Liverpool deal|
|Ronaldo wants to see Messi follow him to Italy|
|Neymar happy to play in any position for PSG - Draxler|
|Paine insists he is ´fine´ after taking blow to finger|
|Ponzio: River players will be ´idolised´ for Libertadores success|
|Champions League permutations: How Inter, PSG and Liverpool can progress|
|Kohli: India were better and deserved to win|
|Bears shut down Goff, Rams|
|India survive dramatic finish against Australia|
|Klopp calls for electric Anfield atmosphere against Napoli|
|Saints clinch back-to-back NFC South titles, Bears trump Rams|
|Bucks improve to 2-0 against Raptors with win in Toronto|
|Black Caps include Patel for Sri Lanka Tests|
|Maidana: River want Real Madrid clash|
|Cowboys top Eagles in OT behind stellar Cooper display|
|AC Milan evaluating Fabregas signing – Leonardo|
|WATCH: Steelers´ chance at game-tying field goal slips away|
|Hayne will plead not guilty to charges, says lawyer|
|Boca boss Schelotto: The only thing I feel is sadness|
|Cardinals´ Fitzgerald makes NFL history with most receptions for one team|
|River Plate´s Copa Libertadores star Gonzalo Martinez confirms January departure|
|Klopp: I was never worried about Salah´s form|
|Packers QB Rodgers sets NFL record for most passes without an interception|
|World Cup bulking hampered Man United form – Lukaku|
|Leonardo rules out Ibrahimovic Milan return|
|Warriors´ Green to return against Timberwolves|
|I feel for him… we´ll make it work – Butler responds to Embiid´s frustration|
|Torino draw no missed opportunity for misfiring AC Milan, claims Gattuso|
|We´ll always be linked together forever - Wade reflects on playing with James before final match-up|
|O´Sullivan wins record seventh UK title|
|Chiefs secure playoff berth, Saints win NFC South|
|River Plate 3 Boca Juniors 1 (aet, 5-3 agg): Quintero and Martinez clinch Libertadores title in extr|
|WATCH: Chiefs QB Mahomes throws no-look pass|
|Dolphins defeat Patriots on miraculous final play|
|Kizzire eagle snatches QBE Shootout victory|
|AC Milan 0 Torino 0: Donnarumma shines, Cutrone misses late chance|
|Back to the drawing board for West Indies - Chase|
|Copa Libertadores: Messi and Griezmann among stars in Madrid for River-Boca Superclasico|
|Brady sets NFL record for most career TD passes|
|Copa Libertadores: Tevez named on Boca bench for Superclasico final|