Gerrard said: "The manager has always said that I would captain Liverpool Football Club one day but it was a bit of a shock yesterday when Gerard told me I was to be captain from now on. I have to say I'm absolutely thrilled.
"I'm very happy with my form at the moment but in the future I'm sure this role will help me grow as a player. I'm looking forward to the responsibility and I think my game has matured since I first made the breakthrough into the first team.
"I want to blossom into a world class player - something I'm not yet - and hopefully captaining Liverpool will help me achieve that ambition."
While Gerrard's elevation to club captain has been greatly received by the Anfield faithful, Anfield's new skipper feels the deposed Sami Hyypia will still play an integral part in Liverpool's quest for further trophies.
Gerrard added: I spoke to Sami yesterday when the boss told me the news and he congratulated me. There are no hard feelings between Sami and me.
"He's a great person to have around the club and he was a great captain for this team. He'll still be a leader on the pitch and he'll still lead the team from the back."