TIME Appoints First Female Managing Editor

By sheer coincidence, the once iconic newsstand combo of TIME and Newsweek have both this month anointed new senior editorial staff.

Last week, IBT Media announced that Jim Impoco was being handed the reins of Newsweek. Today, Time Inc. EIC Martha Nelson made it official by sharing the news that Nancy Gibbs has been promoted to replace the departed Rick Stengel as managing editor:

I cannot think of a more perfect person than Nancy to lead TIME. She has done an outstanding job running TIME since July, when I asked Rick to assist me with corporate matters related to our upcoming spin off.

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