Politico co-founder Jim VandeHei is hanging up his executive editor hat to become the publication's president and CEO.
In addition to his new role at Politico, VandeHei was named CEO of Allbritton's recently acquired website, Capital New York. VandeHei was already president of that site.
Allbritton described the business move as a "seminal moment" for himself, Politico and VandeHei.
"We are on the verge of the most dynamic growth in our young history—and this demands an equally dynamic leader and thinker guiding us," Allbritton said in a statement. "Jim started here as an editor who just happened to have entrepreneurial instincts. He has grown into a strategic business thinker who just happens to have journalistic instincts."
Despite being in a management position at Politico, VandeHei has been a prolific writer for the publication. He and Politico reporter Mike Allen have written a regular series called "Behind the Curtain," which tackles the political news of the day.
"I will miss engaging our brilliant journalists in discussions about stories and ideas," VandeHei said in a memo to staff. "But I want to direct my attention to growing our business so we can hire more journalists, cover more topics and help build a template for modern media success."
VandeHei replaces outgoing Politico president and CEO Fred Ryan, who will step down once the sale of Allbritton-owned TV assets is complete, the company said.
Read full memos from VandeHei and Allbritton here.