Ronald Koeman took charge of the struggling Netherlands team on Tuesday.
"Koeman has just signed a contract that connects him to Orange with immediate effect up to and including the World Cup 2022".
An attack-minded central defender, Koeman picked up 78 Dutch caps as a player between 1982-94, scoring 14 goals.
Koeman will become the Netherlands' fourth boss since Louis van Gaal stepped down after leading the country to a third-place finish at the 2014 World Cup.More news: New England Patriots officially lose Josh McDaniels to Indianapolis Colts
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At the time, the Dutch Football Association opted for the experience of Guus Hiddink, a move that backfired as he failed to galvanize a squad Van Gaal helped to overachieve in Brazil.
He said: "I am proud to finally announce that I am the new manager of the Dutch national team".
Under Hiddink and his successor Blind the Netherlands failed to qualify for Euro 2016 and under Blind and, after the latter's dismissal, under Advocaat the Dutch also didn't qualify for the 2018 World Cup.
Koeman had guided Everton to seventh in his first season in charge.
Koeman's last job as a coach was at Premier League club Everton, where he was sacked on October 23 previous year. In his first season he led the team to seventh in the Premier League.