Everton's summer restructuring is underway after manager Sam Allardyce was sacked and PSV Eindhoven's Marcel Brands arrived to replace director of football Steve Walsh.
Both departures were expected as the pair paid the price for poor performance on the field and disappointing business off it, after the biggest transfer spend in the club's history - almost £200million - backfired.
Brands spent eight years at PSV and signed players like Georginio Wijnaldum, Kevin Strootman and Dries Mertens relatively cheaply.
He will be tasked with the search for a new manager along with new chief executive Denise Barrett-Baxendale and deputy chairman Keith Harris, whose promotions were only announced on Tuesday evening.
Marco Silva is the favourite to take over after a failed bid to secure him from Watford in November.
The Portuguese was sacked in January, with Watford stating the catalyst for their slump in results was Everton's "unwarranted approach" which they felt contributed to a significant deterioration in focus.
It's understood should Everton ultimately appoint Silva they anticipate having to pay Watford substantial compensation, having had their £12million offer rejected six months ago.
Allardyce's backroom staff of assistant manager Sammy Lee, first-team coach Craig Shakespeare and goalkeeping coach Martyn Margetson have also been released from their contracts.
Brands, who will have a big say in that appointment and the future direction of the club, said: "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.
"Now we will look to build something really strong and lasting here at Everton."