The 39-year-old was one of 20 applicants for the position and becomes Derby's seventh manager in the last three years.
Speaking for the first time as Derby manager, Lampard said the club would be targeting a top-six finish next season.
“I’ve always wanted to manage a club with a big tradition and history like Derby County, so this is a huge opportunity. I have spent considerable time discussing the role and the club’s objectives with the Chairman and board members," said Lampard.
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