|Brad Dean announced last year that he would not be continuing as the coach of the Swedish national team|
Bosnic is currently in his fourth season in charge of Swedish champions and EuroChallenge Regular Season participants Södertälje Kings and has won the Coach of the Year award of the Swedish domestic league, Basketligan, on two occasions.
Dean had confirmed in an interview with fibaeurope.com in December the end of his four-year tenure at the helm of Sweden, which culminated in September with the reappearance of the Nordic nation's team at a EuroBasket following a 10-year absence.
"Sweden is my home, my son was born here and I'm very proud to be the coach of Sweden," Bosnic said.
"It is a very inspiring task to take a good team and try to get it and the players to step up to an even higher level.
"It will require hard work and sacrifice, but that is the case with everything in life that is worth achieving," Sweden's new coach added.
The 38-year-old Sarajevo-born Bosnic retired as a player in Sweden but stayed on at Södertälje and embarked on his coaching career in 2008.
He started off as an assistant to Torbjörn Gehrke and was promoted to head coach in 2010, leading the Kings last summer to their first domestic league title since 2005.
Bosnic first collaborated with the SBBF in the summer of 2010 as a member of the coaching staff on the U16 national team that participated in the European Championship Division B in Estonia.
"We heard the views of many knowledgeable people in and outside Sweden [before deciding]," said SBBF national teams director Jonte Karlsson.
"We created a set of requirements and interviewed several very capable candidates for the job.
"We chose Vedran Bosnic because we simply think he is the best man for this job.
"He has done a fantastic job in Sodertalje, he is tactically proficient, very good at motivating and developing players and has a huge passion for the sport."
Bosnic is already aware that his immediate task consists of stirring Sweden to qualification to EuroBasket 2015.
"We have to work together and very hard," Bosnic commented on the task at hand.
"I can not perform wonders but I will work to influence everyone to do their job a little bit better.
"When many of us in Swedish basketball do our job just a little but better, we can make together a big leap."