Rally Isle of Man organisers have confirmed that the event will return to the island's roads in September.
Following the cancellation of last year's event, the entire board of directors chose to retire with a new board elected in December.
The new board consists of Chris Boyde, John Gill, Robert Graham and David Thompson who have all been part of the event's organising team for many years.
Gill, who has been named chairman, said: "We have big shoes to fill."
The new board say they have already accepted an approach from the British Historic Rally Championship to form the final round of their Water End Properties Asphalt Cup in 2012.
Rally Isle of Man will also be joining forces with Druidale Motor Club to host the Duke Stages event that forms a round of the highly competitive Eurocars Motorsport Manx Rally Championship.
Gill continued: "Historic Rally Isle of Man will fall at the heart of the event, but running with the Duke Stages will be a National B status event that will be all-inclusive.
"There will be classes for all MSA eligible rally cars from 1000cc right through to WRC. We want everyone to get back to enjoying tackling the best rally roads in the world.
"Names like Druidale, The Mines, Curraghs and St Marks are famous because of this event, and we hope to welcome competitors, officials and spectators old and new alike to enjoy the thrill and challenge of this unique event."
The event will celebrate its 50th anniversary next year.