CBS News is getting a new leadership team. Sean McManus, who has served as president of CBS News and Sports since 2005, is stepping down as president of CBS News to assume the position of chairman, CBS Sports.

60 Minutes executive producer Jeff Fager is being upped to chairman of CBS News while continuing to work on 60 Minutes; and David Rhodes, the 37-year-old former head of U.S. Television for Bloomberg, has joined CBS News as president.

“While running our superb Sports Division, Sean has also done a terrific job steering CBS News through a period of transition and change, and the division is clearly on a better footing than it was the day he arrived,” CBS Corp. CEO Leslie Moonves said. Sean McManus was named president, of CBS Sports, in November 1996 and president of CBS News in October 2005.  He is only the second person in the industry to hold both division titles simultaneously; Roone Arledge held both at ABC from 1977-86.

Among the challenges for CBS News’ new toppers is dealing with CBS Evening News anchor Katie Couric whose contract is coming up.