Hibs have revealed that they have reached a compensation agreement with Rotherham after Alan Stubbs resigned as boss at Easter Road to force through his move to the New York stadium.
Scottish Cup-winning head coach Stubbs and assistant manager John Doolan, who was the first team coach at Hibs, signed three-year deals with the English Championship side late on Wednesday.
Plans for a Wednesday lunch-time press conference were shelved after the clubs failed to agree on a compensation deal for a manager that had a year to run on his deal in Edinburgh.
A Hibs statement read: “Hibernian FC today confirmed that it has begun the search for a new Head Coach.
“An agreement has been reached with Rotherham United FC for compensation for Alan Stubbs and his staff, who go south with the best wishes and thanks of all at Hibernian.”
Hibs chief executive Leeann Dempster said: “Alan and his staff have done a magnificent job, with the pinnacle obviously being that historic Scottish Cup win for which every Hibernian supporters is thankful. We wish them every success in the future.
“The task now at hand for Hibernian is to find a head coach who will lead us back into the Scotland’s top flight by winning the Championship this season.
“We expect high calibre candidates, and while we understand there will be a lot of speculation, as ever this club will go about its business quietly and professionally and speak when there is something meaningful to say.”