Former Torino coach Ventura, 68, replaces Antonio Conte, who heads for English Premier League giants Chelsea next season, after the European Championships in France from June 10th -July 10th.
While Conte was a three-time Serie A winner with Juventus, the 68-year-old Ventura has a less impressive coaching CV in his three decades as a manager.
A modest player during his footballing career in the third division,
Ventura's coaching portfolio is equally modest, with no Champions League matches, and having only competed in the Europa League in 2013-2014 with Torino.
He joined Torino in 2012, after several forays into Serie A with Cagliari (1998-1999), Sampdoria (2001-2002), Messina (2005-2006) and Bari (2009-2011).
Torino finished 12th in Serie A last season.