Graeme Murty will remain as interim manager of Rangers “at least until the end of the year” after the club’s failed pursuit of Derek McInnes.
Murty, the club’s Under-20s coach, has guided the side to four wins in six games in his second spell as caretaker.
“The manner in which he has approached this task is a credit to himself and the club,” said a Rangers statement.
It said the club “will only appoint someone in whom we have full confidence and who feels he is ready for the job.”
Rangers were refused permission to speak to Aberdeen manager McInnes after making an approach on Tuesday.
After McInnes spent two days “weighing up the opportunity”, the Dons announced on Thursday that he will remain as manager.
More to follow.