Wycombe parted company with Taylor last week and have appointed the 47-year-old Waddock as well as his assistant Martin Kuhl.
Waddock said: "This has been the hardest decision I have ever had to make. I have had a fantastic time at Aldershot Town.
The former Republic of Ireland international player joined the Shots in May 2007, leading Aldershot to promotion from the Blue Square Premier back to the Football League in his first season, they also won the Setanta Shield along the way.
After finishing mid-table last season in their return to League Two, the Shots are currently sitting in sixth place.
Wycombe, second from botton of League One, said farewell to the former Shrimpers player and manager Peter Taylor, along with assistant manager Junior Lewis, after they had led the Chairboys to promotion only last May.
| Gary Waddock | ||
| Personal information | ||
|---|---|---|
| Full name | Gary Patrick Waddock | |
| Date of birth | 17 March 1962 (1962-03-17) | |
| Place of birth | Kingsbury, England | |
| Playing position | Midfielder | |
| Club information | ||
| Current club | Wycombe Wanderers (manager) | |
| Senior career1 | ||
| Years | Club | App (Gls)* |
| 1979-1987 1987-1989 1989-1991 1991-1992 1992 1992-1994 1994-1998 | Queens Park Rangers Charleroi Millwall Queens Park Rangers → Swindon Town (loan) Bristol Rovers Luton Town | 203 (8) 40 (1) 58 (2) 0 (0) 6 (0) 71 (1) 153 (3) |
| National team | ||
| 1980-1990 1990 1979 | Republic of Ireland Republic of Ireland B Republic of Ireland U21 | 21 (3) 1 (0) 1 (0) |
| Teams managed | ||
| 2006 2007-2009 2009- | Queens Park Rangers Aldershot Town Wycombe Wanderers | |
1 Senior club appearances and goals | ||