Oliver Glasner has been appointed as manager of Crystal Palace after Roy Hodgson stepped down.

Glasner, 49, who led Eintracht Frankfurt to Europa League glory in 2022, has agreed a two-year deal with the Premier League club.

A Palace statement read: “Crystal Palace F.C. are pleased to confirm the appointment of Oliver Glasner as manager.”

Palace announced Hodgson’s departure just hours before their league game against Everton and said that the 76-year-old, who was hospitalised after falling ill during a training session on Thursday, was “out of hospital and doing well”.

Palace chairman Steve Parish said: “I’m delighted to welcome Oliver to the club. He has an outstanding record, and we believe he is the right manager to take the club forward at this pivotal stage.

“Wherever Oliver has gone so far in his managerial journey, success has been quick to follow, and we believe his ambition, as well as his exciting and attacking approach, is the perfect fit for getting the most from our talented young squad in the remainder of this Premier League season and beyond.”

Glasner led Frankfurt to their first European trophy in more than 40 years when winning the Europa League in his first season in charge of the club.

Frankfurt won the German Cup under Glasner the following season and reached the last 16 of the Champions League, while also qualifying for Europe again.

Glasner has previously managed Austrian sides SV Ried and LASK, who he guided from the second tier to the Champions League in four seasons, while he also secured Champions League football for Wolfsburg.

Palace announced Hodgson’s right-hand man Ray Lewington and assistant manager Paddy McCarthy would lead the team on Monday at Goodison Park.

Hodgson said in a statement released by the club: “This club is very special and means so much to me and has played a big part in my footballing life. I have fully enjoyed my time here across six seasons, as it has given me the chance to work with top class players and staff doing what I love every day.”

The statement added: “However, I understand, given recent circumstances, it may be prudent at this time for the club to plan ahead, and therefore I have taken the decision to step aside so that the club can bring forward their plans for a new manager, as intended for this summer.

“I would like to thank Steve Parish and his American partners for their support, along with my coaching staff and backroom team who have helped me so much along the way. In particular, a huge thank you to my long-term friend and assistant, Ray Lewington; coaches Dean Kiely and Paddy McCarthy; plus the excellent sports science, video analysis and medical departments.

“My thanks and respect also to the current squad of players who have been a pleasure to work with – they are a credit to the club and themselves. I am certain that our fans will continue to give their full support to the team for the remainder of this season and beyond.”

Parish said: “Roy has a special place in Crystal Palace history and this will never be forgotten. After four years in which he led the club to maintaining Premier League status season after season, he once again joined us nearly a year ago to steady the ship, and worked wonders.

“That he then agreed to continue in the summer speaks volumes about his commitment to our club. Quite simply, we owe our continued Premier League status to Roy.

“I would like to thank Roy enormously for his service and wish him the very best for the future; it’s fair to say Roy has the keys to Selhurst Park and will always be welcomed back.”