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Alan Curtis will continue as manager of Swansea for the remainder of the season.
Curtis has been in caretaker charge since Garry Monk was sacked on December 9, leading the club to one victory and two draws in his five games at the helm.
"Alan Curtis and the current staff set-up will continue until the end of the season. We firmly believe it is the right decision for Swansea City," chairman Huw Jenkins confirmed on the club's official website.
"Alan has been with us through good and bad times and was part of the management team that helped the club secure its Football League status over 12 years ago.
"He is fully aware of the next important job he has ahead of him to dig deep and find the required levels of performance and motivation to secure our Premier League status - our main goal this season.
"We believe there is nobody with more knowledge and experience of the club to do that than Alan Curtis.
"He has served Swansea City so well for over 40 years and played an integral part in our recent success under the likes of Roberto Martinez, Paulo Sousa, Brendan Rodgers, Michael Laudrup and Garry Monk.
"We have all been impressed with the way he has improved performance levels over the last five games. The players have obviously responded to him because we have seen an uplift in performances."
Curtis has a long association with Swansea, making more than 400 appearances for the club before returning to the coaching staff under Roberto Martinez, Brendan Rodgers and Michael Laudrup.
"If the club believes I am the right man to take things forward then I will give everything I have to the role," Curtis said.
"If I'm honest I didn't envisage taking caretaker charge for more than a couple of games, as I've done on two previous occasions over the years.
"But as the weeks have gone on I feel I have grown into the job and I'm a lot happier now taking it until the end of the season.
"The biggest plus factor for me has been the response and attitude of the players.
"I think everyone who watches Swansea regularly has seen a vast improvement in performances over the last five games, even though we probably could and should have picked up a better points total.
"From what I've seen, not just on the pitch but also on the training ground, I firmly believe we can get the results required between now and the end of the campaign to push us up the table."
Former manager Brendan Rodgers has been linked with a return to the Liberty Stadium but Jenkins admits finding a replacement for Monk has been difficult.
"It's a unique situation for us and I think we are only now appreciating what other Premier League clubs in our position have gone through in the last five years," he added.
"We've spoken to a lot of potential managers. Some didn't want to leave the clubs they were at this late stage in the season, while others didn't want to put their reputation on the line by joining a club at the wrong end of the table.
"In the end, we felt the best decision was to keep things in-house and change as little as we can until taking stock in the summer."