Terry Hyland has been appointed Cavan senior manager for the rest of the season and the next four years after that.
Hyland has recently led the counties Under-21 side to a second Ulster title in a row.
Anthony Forde will come on board as coach.
The new management has been put in place following Val Andrews' resignation last week having lost the support of the players.
"At a specially convened management committee meeting it was decided to put forward for ratification the names of Terry Hyland as manager and Anthony Forde as trainer / selector of the Cavan senior inter-county team," a Cavan GAA statement said.
"This was unanimously backed by the club delegates at a specially convened county committee meeting.
"Terry Hyland has led successive Cavan U-21 sides to two Ulster titles and indeed he is preparing the current team for an All-Ireland semi final tie with Roscommon this coming Saturday.
"Anthony Forde was part of the management team at U-21 level for two years and indeed was also a key member of the Cavan Gaels management team which recaptured the SFC in Cavan last year.
"They will manage the Cavan senior team for the remaining part of this season and for a further four years.
"This brings to an end a difficult week for the county," the statement continued.
"The chairman, officers and board congratulate Terry & Anthony and wish them every good luck as the commence preparation for Cavan's USFC game with Donegal on the 20th of May."
Meanwhile Meath players are reported to be planning to come out in support of their manager Seamus McEnenany today, according to The Sun.
The county board meets tomorrow night when clubs will vote on the Monaghan man's future in the role.
The county board executive have already indicated their wish for Banty to resign.