Former Manchester United player Gary Neville poses for photographers on the red carpet at the world premiere of "Ronaldo" at Leicester Square in London, Britain November 9, 2015. [Photo/Agencies]

Former England and Manchester United defender Gary Neville is the new boss of Valencia -- his first managerial post.

Neville, who is also part of Roy Hodgson's England coaching team, was named first-team coach at the Mestalla -- where his brother, Phil, is a coach -- for the rest of the season in a surprise announcement by the club on Wednesday.

"Valencia Football Club has reached an agreement with England coach Gary Neville to be the coach of the first team until June 30, 2016," the club said.

Nuno Espirito Santo stepped down 'by mutual consent' after Sunday's 1-0 La Liga defeat at Sevilla left the ambitious Singapore-owned club languishing in mid-table.

Neville has worked as a media pundit and been a member of England manager Roy Hodgson's coaching staff since retiring as a player in 2011.

He will take over the running of the Valencia first team next Sunday ahead of their Champions League game against Olympique Lyon a week today.

"We are delighted to have been able to bring in Gary so quickly," said Valencia president Lay Hoon Chan on the club website.

"He is somebody who has technical experience as part of the England national team and a brilliant career as a player for Manchester United and England."

Neville, whose brother, Phil, worked as a coach under Nuno, said he is looking forward to taking over.

"I am proud to have received a great opportunity with Valencia," he told the website.

"It is a massive club with prestige which I remember well from my time as a player.

"I am looking forward to starting to work with a a group of talented footballers. It is an exciting challenge."