"There's such massive potential here," the former Barnsley and Oldham boss told the club's official website.
"There is no doubt that the club is geared up for promotion to the Championship and that has to be the aim now.
"It's now a case of getting the players re-motivated and once we get into the Championship, we can reassess the situation.
"I tasted promotion last season and it was a great feeling - now I want to do it again as soon as possible."