Kinnear says Moyes is the right manager for Everton with a new team now being put together.
Reflecting on their young players, Kinnear declared: “Their transition will be accelerated under the guidance of David Moyes. His desire to champion young talent remains as strong as ever. David was central to all our recruitment efforts.
“The first into Finch Farm each morning and the last to leave at night, he meticulously assessed every player proposal, data assessment and video review.
“His passion and commitment for Everton, which began in 2002 with that famous victory over Fulham, is matched only by his vast experience and impressive credentials as a Premier League manager. We are privileged to have a manager who has such a deep love for the club and for Evertonians.”