As you know, this announcement is a long time coming. It reflects months of thought about how we position The Times to succeed in the digital era while maintaining the values and traditions of great journalism that brought us here in the first place. I’m immensely proud of how the newsroom continues to adapt and tackle each new challenge. Our commanding Web audience and unwavering commitment to the best enterprise journalism are a tribute to your focus and creativity. The new managing editor must help us push change even further, while also putting out the world-class newspaper our readers have come to expect.