The True Detective helmer replaces Danny Boyle in the coveted behind-the-scenes role.
The 25th installment of the James Bond franchise will be directed by Cary Fukunaga, with Daniel Craig set to star as the iconic spy for the last time.
Production will begin in March 2019 for a February 14, 2020, release date.
The casting of Fukunaga as the director is a shift for the franchise as he marks the first American director to ever receive the task from production company Eon.
Oscar-winner Danny Boyle was originally set as the director of, what's being called, Bond 25. Boyle stepped down in August due to creative differences.
Before Fukunaga was announced, many other names had been thrown around by fans, including Yann Demange (White Boy Rick), David Mackenzie (Outlaw King), and Bret Layton (American Animals). Plus, legends like Ridley Scott and Denis Villeneuve were pushed as possibilities.
Fukunaga is mostly known for HBO's True Detective and the Netflix film Beasts of No Nation. He's also the force behind the upcoming Netflix series Maniac, starring Jonah Hill and Emma Stone.
Bond 25 will follow 2015's Spectre and 2012's Skyfall, both directed by Sam Mendes.