Vilanova replaced Pep Guardiola at the end of the 2011-12 campaign following the latter's decision to say farewell to the game for a year, and the Blaugrana are more than satisfied with his work so far this season, as they lead La Liga by 11 points.
"Tito has talent, he understands what Barcelona mean, what La Masia is and what being Catalan means," Rosell told reporters.
"It was a brilliant decision by Zubizarreta to give him the job."
Rosell then went on to say that he does not expect Xavi to retire any time soon after he put pen to paper on a new contract at the club on Monday.
"He has just renewed his contract until 2016. He'll be 36-years-old by then, but we believe this deal won't be the last he signs with us."
Barca is currently preparing for the first leg of its Copa del Rey semifinal against arch-rival Real Madrid on Wednesday.