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Paine had announced his resignation as skipper of Australia last week following a 'sexting scandal' with a former Cricket Tasmania colleague in 2017.
Meanwhile, batter and former captain Steve Smith has been named vice-captain of the team.
"Pat is an outstanding player and leader. He has earned enormous respect from his teammates and from all corners of the game for his attitude and achievements, both on and off the field," Cricket Australia CEO Nick Hockley said in a statement.
"We are extremely fortunate to have an experienced group of senior players who themselves are superb leaders. I have no doubt that Pat and Steve will be well supported in their respective leadership roles," he added.
According to Cricket Australia (CA), fast bowler Cummins joins an elite club with the honour of leading Australia, stepping into the role after almost two years as vice-captain.
"I am honoured to accept this role ahead of what will be a massive Ashes summer. I hope I can provide the same leadership Tim (Paine) has given the group in the past few years," said Cummins.
"With Steve and I as captains, a number of very senior players in this squad and some great young talent coming through we are a strong and tightly-knit group.
"This is an unexpected privilege which I am very grateful for and am very much looking forward to," he added.
Smith returns to the leadership alongside Cummins. Smith, who made his Test debut in 2010, has been an integral part of the senior playing group in with his growth as a leader and person on and off the field.
He will assume the captaincy in the event Cummins is absent for any reason.
"I am pleased to return to the leadership of the team and look forward to helping and assisting Pat in any way I can. Pat and I have played together for a long time, so we know our respective styles well," said Smith
"We are also great friends, as is the whole group. As a team, we want to play good, positive cricket and also really enjoy each other's company. They are exciting times ahead as we focus on the Ashes and beyond," he added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Fri, November 26 2021. 08:24 IST