Assistant manager Mark Ward has agreed to take on the vacant managerial position at the Forest Town Arena.
Ward takes over from previous boss Rudy Funk on a permanent basis, with the Bulls currently in the Evo-Stik NPL East Division relegation zone.
Ward joined the Bulls in the 2014/15 season as a player, and returned in 2016 as assistant manager to Funk after joining from Handsworth Parramore, where he had also been assistant boss.
Chairman Andy Saunders was extremely pleased to appoint Ward: "I'm delighted that we have quickly filled the position and that Mark has agreed to take on the role.
"Mark has the full backing of the board and hopefully he can steer the club to consolidation in this league come the end of the season."
Rudy Funk departed the club on Saturday after a mutual agreement to part ways ended his four-year stint in charge.