Amber Rudd, 52, was appointed the new Home Secretary, a job made vacant after Mrs May left the department. Long-time Eurosceptic Tory David Davis, 67, has been handed the big role of chief Brexit negotiator, a new Cabinet position.
Fellow Brexit campaigner Dr Liam Fox, 54, returned to the Cabinet tonight after four years of absence as he was named the Secretary of State for International Trade - another new post and a key role following Britain's vote to leave the EU.
Read more + see more photos after the cut.
Mr Osborne was brutally sacked by Mrs May, bringing an abrupt end to his six years in charge of the Treasury. There were also reports that all of David Cameron's political advisors had left Downing Street - a sign Mrs May is determined to break with the past.
By bringing in several high profile figures from the right of the party - including Mr Davies and Dr Fox - Mrs May has handed an olive branch to Brexit supporters who feared she would backtrack on leaving the EU having campaigned on the Remain side.
The pair will be in charge of the two new Cabinet departments created by Mrs May tonight. Mr Davis has been appointed the Secretary of State for Exiting the European Union while Dr Fox is in charge of the new International Trade department.
In other developments tonight, Michael Fallon was re-appointed Defence Secretary, while Mrs May's close ally and leadership campaign manager Chris Grayling was yet to be handed a new job and remains as Leader of the Commons for now.
Boris Johnson has been appointed Britain's new Foreign Secretary
Amber Rudd was appointed the new Home Secretary, while Philip Hammond as her new Chancellor
Long-time Eurosceptic David Davis has been appointed the big job of chief Brexit negotiator,
Dr
Liam Fox appointed Secretary of State for International Trade.
Meanwhile Michael Fallon was re-appointed as Defence Secretary
Brexit champion Boris Johnson has been made the new Foreign Secretary by new Prime Minister Theresa May
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