Michael Clarke has been announced as the new Australian cricket captain with Shane Watson as his vice-captain.
Clarke, who turns 30 on Saturday, succeeds Ricky Ponting who stood down as captain on Tuesday.
Clarke will lead the Australian one-day team to Bangladesh next month while his first Test tour as skipper will be to Sri Lanka in August.
Victorian batsman Cameron White will remain as Twenty20 captain with all-rounder Watson also serving as his vice-captain.
Clarke has already had a taste of Test leadership after standing in as captain for Ponting in the fifth Ashes Test in January when Australia lost the series 3-1.
The NSW right-hander has played 69 Tests, scoring 4742 runs at an average of 46.49.
Clarke has been the heir apparent since he cemented his place in the Australian Test team after the 2006-07 Ashes whitewash on home soil.
"I am grateful to Ricky Ponting for what I have learned from him, to the selectors and Cricket Australia for this opportunity, and am looking forward to the challenges ahead," said Clarke.
Chief selector Andrew Hilditch said he expected 36-year-old Ponting to bat on for several seasons.
"I'm very confident he's got a lot of cricket left in him," Hilditch said.
"I think this will be a very good thing for his career."
CA chairman Jack Clarke said Clarke had proven to be a fine captain numerous times while standing in for Ponting, including in Australia's 6-1 one-day international series triumph over England this summer.
"Michael has shown himself to be excellent with his on-field tactics when heading the national side," Jack Clarke said.
While he admitted he was surprised that Ponting relinquished the captaincy on Tuesday, Clarke was adamant Australia had the talent to progress.
"The key for me is we go back to old-fashioned basics. That's batting, bowling and fielding," he said.
"That's one thing I will push with coach Tim Nielsen.
"I'm not going to reinvent the wheel."
