Moores has coached England in two separate stints from 2007-2009 and 2014-2015. He has had tremendous success in English county cricket winning three county championships with Sussex and Lancashire as well as two T20 Blast titles and a one-day title with Nottinghamshire since taking charge in 2017. He will remain in his job at Nottinghamshire.
Beyond England, he has coached an overseas franchise team previously having led Karachi Kings in the PSL in 2022 but that stint lasted just one season as they finished last with one win from 10 games.
Stars are coming off three dismal seasons having finished sixth, seventh, and eighth after making the BBL final in Hussey's season year in charge in 2019-20.
"I'm really looking forward to the opportunity to work with some of the best players in the world but also to help develop the rest of the squad to get this club back where they belong," Moores said.
Moores joins Stars with a strong Nottinghamshire connection already established via Hussey who played for them between 2004 and 2013 and helped them win two County Championships in 2005 and 2010.
Joe Clarke and Luke Wood were both part of Stars last season as overseas players having played for Nottinghamshire under Moores, although Wood currently plays at Lancashire.
Stars general manager Blair Crouch said: "Peter was the outstanding candidate from a very strong group of applicants and I'd like to thank all of them for their time.
"Peter has built a very strong resume over a long period of time both at domestic and international level and we look forward to him sharing all of that knowledge and experience with our group.
"We are well aware of the challenge ahead of us, rest assured the entire club is working as hard as we can to rise back up the BBL ladder and Peter is the best man to lead this group."
It has yet to be confirmed whether next season's BBL will continue in its current format or be trimmed to the reduced 10-game competition which is part of the next broadcast deal which begins in 2024.