Garry Monk intends to seize the "opportunity of a lifetime" after making the successful transition from player to manager.
The 35-year-old has spent a decade at the club as a player but for the last three months was occupied in his role as head coach after being placed in temporary charge following the dismissal of Michael Laudrup.
Monk's primary aim was to keep the club in the top flight and having achieved that he has been rewarded with a three-year contract to become the permanent boss.
"It's the opportunity of a lifetime - and one I fully intend to take," he said.
"I have had a taste of the job for the last three months and it's something I've really enjoyed.
"Now I'm really looking forward to the next phase in my life and the club's progression.
"I have been given a massive responsibility to manage this proud football club but I have always been a person that enjoys and relishes responsibility, so I am looking forward to the challenge.
"I have been at this football club for 10 years and I know what Swansea City means to everyone in the community - and beyond.
"That's what will drive me on to produce a successful team that plays attractive and attacking football. I want everyone connected to this club to be proud of the team.
"I am under no illusion how much hard work is needed going forward but I am willing to put that hard work in by giving everything I have to ensure Swansea City is a success."
Monk had a difficult start to his fledgling managerial career as after winning the south Wales derby against Cardiff in his first game he then took three points from his next six games.
With the Swans threatened by relegation, a 3-0 victory over fellow strugglers Norwich came just at the right time and further wins over Newcastle and Aston Villa ensured they were safe.
"As a board of directors we carefully considered our next step because it was a very important decision for our football club," said chairman Huw Jenkins.
"But having gone through that process we unanimously agreed that the timing was right for Garry to be offered the job on a permanent basis.
"As we look forward to our fourth season in the Premier League we all agreed that we needed to get back to basics and reinforce the principles that have brought us success in recent years.
"Garry represents all the strong values we hold so dearly as a football club and everyone is looking forward to working with him.
"We have all been impressed with his work-rate and commitment since taking over the reins in February and how he adapted in very difficult circumstances to secure the points we needed to remain in the top-flight.
"Garry will work with the current staff to refocus and improve the playing squad over the summer in order to build a strong, competitive team for another big challenge that lies ahead next season."
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