Savage, who has signed what Posh describe as a “long-term” contract, told the club’s website, external he had been attracted to “the size of the club, the philosophy, working with young players and making them better”.
He said: “I am really looking forward to getting out there on the training ground, but I am a manager – I will be there for every session, but I believe in trusting the coaches in delivering the messages and the session.
“I am not a manager who is going to want my teams to pass the ball around the back and chalk up 600 passes every game, we are going to go for it and attack and if we are 1-1 at home with five minutes to go, I want my teams to go for the winner.
“I understand there will be people out there with reservations. We all know the modern world has changed with social media. I understand it. I have been around for a long time. I will stand on that touchline and protect my players, it is a brilliant squad, I can’t wait to get going, it is going to be fun.”
Caretaker boss Ryan Harley will be Savage’s assistant.
Chairman Darragh MacAnthony added: “Excitement is the word I can use to describe the appointment of Robbie Savage as our new manager. A word I personally haven’t used about our football club for too long.
“His personality, character and mindset is something we need top to bottom. Nobody will work harder to get us up and running again than Robbie. The board were blown away by him in an extensive interview and his hunger to fix our issues and get confidence back into our talented squad is what I am most excited by.”