This just in — Baba Shetty has been named the new CEO of Newsweek/The Daily Beast.

As reported by The Huffington Post, he’ll start his new job in October and will replace Stephen Colvin. Shetty currently works at Hill Holliday, an advertising agency, as the chief of strategy and media.

In a statement, Tina Brown indicated: “We collaborated on our very successful Newsweek Mad Men issue together and forged a terrific creative relationship. He is extremely gifted at brand and digital strategy, is a strong leader, and is the perfect partner for the next phase of The Newsweek Daily Beast Company and our expanding live events business.”