David Gold has explained that West Ham decided on Avram Grant as their new manager because they felt the former Portsmouth boss was the right man to bring stability to Upton Park.
The Hammers have confirmed their new manager will be appointed imminently and Soccernet revealed on May 27 that it is Grant who will be replacing Gianfranco Zola at the club.
After an end to the Premier League season that witnessed disagreements between Zola and West Ham's co-owners - Gold and his partner David Sullivan - the Upton Park hierarchy are hoping for a more harmonious approach under Grant.
"After an hour, we knew we could work with this manager. We are very optimistic," Gold told BBC Sport. "I think it's time for the football club to get some stability with people that have been there, done that and got the T-shirt.
"The bottom line is the relationship between the manager and the chairman is critical. In our case it's two chairmen so it's even more difficult as you need to have a relationship between three people.
"We can't put our fans through that again. We want to put together a team that was better than last year. We were very fortunate. Normally 35 points gets you relegated.
"What we need is a manager who has achieved, has experience. We are not in a position where we can take on young, inexperienced managers. We did ask Franco to keep us up and he did that, but I think we need to move on from that. New owners like to choose their own people."
Grant was the surprise choice to succeed Jose Mourinho as Chelsea manager in 2008 and took the club to the final of the Champions League. Last season he could do little to keep Portsmouth in the top flight but reached the final of the FA Cup, only to be defeated by his former side.