Time magazine deputy managing editor Josh Tyrangiel will be editing Bloomberg BusinessWeek, minonline reports.

Tyrangiel replaces Stephen Adler, who announced his resignation last month.

Tyrangiel, 37, was considered a “rising star” at the magazine, working his way up from music critic to Time.com editor to deputy managing editor.

He’ll report to Norman Pearlstine, chief content officer at Bloomberg, who met Tyrangiel a decade ago, when Tyrangiel was a reporter and Pearlstine was Time‘s editor in chief. “I came to appreciate his intelligence, curiosity, energy, and integrity,” Pearlstine said in a statement.