The Today programme's Simon Jack has been named as the BBC's new business editor.
Jack takes up the position vacated by Kamal Ahmed, who was made economics editor, replacing Robert Peston, at the end of last year.
Jack joined the BBC as an economics correspondent in 2003, working across Newsnight and News at Ten as well as Radio 4's PM and Wake Up To Money.
He joined BBC Breakfast in 2008 and is currently business and economics correspondent for Today.
He said: "I'm very excited about taking on this role and building on the great work done by Robert Peston and Kamal Ahmed before me in bringing the most important business stories to BBC audiences across all our TV, radio and digital platforms.
"Business organisations, institutions and individuals play a major part in all of our lives and that makes good business journalism extremely important. It’s a challenge I'm looking forward to enormously."
Head of BBC News James Harding said: "As listeners to the Today programme know well, Simon is a forensic interrogator of business, and respected by business leaders for his command of the issues.
"A banking analyst-turned-broadcaster, Simon’s financial judgement and pithy turn of phrase will no doubt serve him well in telling, breaking and explaining the business stories that matter so much to us all.”