Former Central Coast Mariners boss Montgomery is the fifth man to take the job on a full-time basis since the late Ron Gordon took over Hibs in July 2019, following Paul Heckingbottom, Jack Ross, Shaun Maloney and Lee Johnson.
Over the years, Hibs have had 36 different full-time managers – but which ones have won the most games while in the Easter Road hotseat?
Only those managers who had 10 or more matches in charge have been considered.
Take a look through our photo gallery to see the 10 Hibs managers with the best win percentages in the history of the club.
1. Jock Stein
Period as Hibs manager: 1964–1965. Win percentage: 62%. 31 wins from 50 games. The late great Jock Stein remains, thanks to his 62 per cent win rate, Hibs’ most successful permanent manager. Photo: Third Party
2. Alan Stubbs
Period as Hibs manager: 2014–2016. 59% win ratio. 59 wins from 100 games. Having started his management career with Hibernian in 2014, Alan Stubbs led the club to a Scottish Cup victory in 2016 - it's first in 114 years. Photo: Third Party
3. John Halligan
Period as Hibs manager: 1936. Win ratio: 54.55%. 6 wins from 11 games. Having made 413 appearance for Hibs as a player, John Halligan became Hibs caretaker manager for a brief time in 1938. By all accounts he hated his time in charge, despite having a very credible record. Photo: Third Party
4. Hugh Shaw
Period as Hibs manager: 1948-1961. Win ratio: 51.49%. 311 wins from 604 games. Hugh Shaw led Hibs to three Scottish league championships. In 2003, the Sunday Herald newspaper listed Shaw as 31st in their list of the 50 greatest Scottish football managers, noting his "sense and man-management skills". Photo: Third Party