Scott makes the move into management following an outstanding playing career with Falkirk (two spells), Huddersfield Town, Burnley, Rangers, Charlotte FC, Bolton Wanderers and Livingston. He also earned 20 international caps with Canada.
Scott was appointed after a recruitment process which attracted strong interest, and he emerged as the outstanding candidate after interviews with a short-list of applicants.
“I am absolutely delighted to be the new manager of East Fife and I cannot wait to get started,” said Scott, who has signed a contract until May 2029.
“I feel I am ready to go into coaching after learning a lot from excellent managers during my playing career, and I am grateful to East Fife for believing in me and for giving me this opportunity.
“My aim is now to create opportunities for others and to build a team which will excite East Fife supporters and attract the attention of the local community. It is a highly respected club which has great potential, and it is a privilege to be given the chance to lead it forward.”
Liam Anderson, Chairman of East Fife, said: “We are delighted to have agreed a deal with Scott to become our new player-manager.
“This an innovative appointment and gives a clear indication of our ambitions going forward.
“I am sure that the arrival of Scott will be welcomed by our fans who are keen to see an exciting brand of football at Bayview.”
Scott will take training this week and will be in charge for next Saturday’s home match against Peterhead in William Hill League 1. He hopes to be back in playing action this month, once he has regained match fitness.
Negotiations are progressing to appoint an assistant manager.
The board of directors is grateful to the interim management team of Jim Moffat, Pat Slattery and Brian Easton, who have guided the squad through the recent period of vacancy. Jim will continue as goalkeeping coach, Pat will assist with coaching while injury prevents him from playing, and Brian returns to on-field duties.
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