Edward Felsenthal has been named managing editor of Time.com. Felsenthal is succeeding Cathy Sharick, who is stepping down to work on a startup. She had been a managing editor since 2011.

Felsenthal most recently helped launch Al-Monitor, a news site that covers the Middle East. He has also consulted for companies such as UStream. Felsenthal was a co-founder of The Daily Beast in 2008, and he served as its executive editor. He was also a reporter and deputy managing editor at The Wall Street Journal.

In a memo announcing the moves, Martha Nelson wrote that Felsenthal is “a true digital leader.”

The full note from Nelson and Rick Stengel is below.

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To prepare everyone for all that the Olympics bring — cheering for people swimming back and forth in a straight line many times, being disappointed in athletes who are far superior to us — Time has launched a special site dedicated to the games.

Olympics.Time.com features a wide array of content, from 50 competitors we should all be watching to a slideshow packed with some great Time Olympic issue covers of the past.

“From now through the end of the Games, Time’s London bureau, led by Europe editor Catherine Mayer, will have daily coverage of the athletic and cultural phenomenon that is the Summer Olympics,” added Time.com’s managing editor, Cathy Sharick, in a memo.