The Economist has appointed its first female editor to replace the outgoing John Micklethwait.
Zanny Minton Beddoes (pictured, Reuters), who is currently business affairs editor and was previously economics editor, will be promoted into the role.
Micklethwait announced last month that he would be leaving the job after nine years to become editor-in-chief of Bloomberg.
Beddoes, who will start in her new role on 2 February, joined the magazine in 1994 after two years at the International Monetary Fund.
She said: "It is one of journalism’s great institutions, with an extraordinarily talented staff.”
Former Economist editor and chairman on the Economist Group Rupert Pennant-Rea said: “The Board has chosen Zanny as editor, someone who is a fine leader, with long experience on the paper.
"She will be a true advocate for The Economist and its values.”
The Economist, which is half-owned by Financial Times publisher Pearson, claims a global print circulation of 1.5m.