Ole Gunnar Solskjaer has been installed as the new manager of Molde, severing a 14-year tie with Manchester United.
Solskjaer was unveiled by the Norwegian outfit on Tuesday after deciding to quit as United's reserve team boss, leaving Sir Alex Ferguson to find a replacement.
"Ole has had a good period with our reserve team, which has given him a foundation to start somewhere else," confirmed Ferguson.
"He feels it is time he went back to Norway, which also helps his family situation. He has been a fantastic servant to us and I am sure he will do well.
"He has worked with some really good young players in our reserve team and has contributed to their development. Once he gets experience of managing a club in its own right who knows where it will take him? Molde is a very progressive club in Norwegian football, so this is a good start for him."
Solskjaer replaces former Manchester City striker Uwe Rosler at Molde, who finished 11th in the Norwegian top flight last season.
The 37-year-old's time at Old Trafford will forever be remembered for the heart-stopping injury-time winner in the 1999 Champions League final against Bayern Munich.
It was one of 126 goals in 366 appearances from the Red Devils, his £1.5million move from Molde in 1996 going down as one of the shrewdest pieces of business in Ferguson's entire time as United boss.
Although the player's career was eventually ended by a persistent knee injury in 2007, Ferguson had long-since identified Solskjaer as potential management material and offered him the chance of becoming reserve team boss as part of a coaching shake-up that saw the Norwegian work alongside Warren Joyce.
However, with his three young children, Noah, Karna and Elijah all growing up, Solskjaer has now decided to branch out with his old club, leaving with Ferguson's blessing.
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