The 66-year-old joins on a deal that will see him lead the club until the end of the upcoming 2023/24 campaign.
Sandy joins as no stranger to The Reigart Stadium, having served as assistant manager to Darren Young during the 2014-15 campaign, helping lead Rovers to a sensational Second Division title victory – a first for the club in 26 years at that point in time.
The former Hearts and Rangers striker had a stellar playing career before moving into coaching, then going on to lead the likes of the Tynecastle club in a managerial capacity, and he joins with vast experience of the SPFL plus an extensive contacts list across the game.
Most recently, Sandy took charge of Scottish Lowland Football League outfit East Stirlingshire last December, helping to stabilise their season after the departure of club legend Derek Ure, ensuring they stayed clear of any relegation trouble.
Sandy will take first-team training tonight in Airdrie and will be in charge of the team on Saturday at Station Park against Forfar Athletic.
Club chairman Ian Benton said: “I am delighted to welcome Sandy Clark to Albion Rovers as manager, Sandy is a hardworking knowledgeable manager, with an ability and foresight to make changes at the appropriate time, and coupled with his determination to win, this is an exciting appointment and we look forward to Sandy bringing success to Albion Rovers – a club that he knows well from previously playing a significant role in helping us achieve promotion out of this very division.
“I would like to place on record my thanks once again to Brian Reid and Scott MacKenzie for their endeavours over the past three years at the helm of what is undoubtedly a challenging role for any management team – we simply felt it was in the best of interests of the club to make a change at this time in order to have the best possible chance of climbing away from the foot of the table.
“Sandy will meet with the players tonight at training alongside myself and members of the board of directors ahead of Saturday’s trip to Station Park. I would like to also place on record my thanks to East Stirlingshire for their assistance in ensuring Sandy could join the club immediately.”