Walter Ferguson Smith, OBE (born 24 February 1948) is a Scottish football player, manager and director. He is primarily associated with his two spells in charge of Scottish club Rangers.
A former defender, Smith's playing career consisted of two spells with Dundee United, split by a short time at Dumbarton. A pelvic injury meant he moved into coaching at Dundee United, working for manager Jim McLean, while he also took charge of the Scotland under-18 and under-21 teams.