Jay Wallace has been promoted to EVP News and Editorial at Fox News, and will manage the news division, including all political coverage and election season debates and town halls. He will also oversee all daytime weekday and weekend news programming, and reporting directly to Fox News chairman and CEO Roger Ailes.

Michael Clemente, who had the gig, will transition from his current position managing news to overseeing a new unit for producing long-form programming and specials, as Executive Vice President of News Specials.

Fox News’ current structure consists of two divisions: news and programming, with the latter run by Senior Executive Vice President, Bill Shine, who also oversees Fox Business Network (FBN), and reports to Ailes. The new specials unit now creates a third organizational division.

In this new role, Clemente will oversee all development and production of taped long-form programming, complemented by occasional special live events for Fox News Channel. The newly formed unit will now include FNC Editor-at-Large Peter Boyer, Senior Executive Producer and Director of Long-Form Series, Pamela Browne, Executive Producer Martin Hinton and Specials Director of Development, Clay Rawson, all of whom will report to Clemente. Host John Stossel’s quarterly customized specials for Fox News will also be part of this new division.

“Michael’s wide-ranging broadcast background is perfect for this position — I’m confident that his extensive experience in long-form producing will result in development and execution of high quality specials,”  Ailes said in today’s announcement.

Turning to  Wallace, Ailes said: “Jay’s television journalism acumen has played a major role in the success of Fox News throughout his nearly 20 years here and his leadership during the current election season has especially stood out. He’s both liked and respected throughout the newsroom and I’m certain he’ll excel in this position.”

Wallace also runs Fox News Radio, which includes Fox News Headlines 24/7 on Sirius/XM. Additionally, he will continue to oversee Shepard Smith Reporting and the Fox News Deck, and will oversee key news programs originating from its Washington DC Bureau, including Special Report with Bret Baier, Fox News Sunday and MediaBuzz.

Wallace will also supervise all newsgathering for the network. John Stack, who has been promoted to Senior Vice President of Newsgathering, will report directly to Wallace and continue to manage FNC’s largest bureaus including New York, Washington, DC, Los Angeles, Chicago, Dallas, Miami, Atlanta, London, and Jerusalem. Stack joined FNC in 1999 as Vice President of Newsgathering from NBC News, where he served as director of international partnerships for the network.

Clemente joined the network in 2009 as the Senior Vice President of News Editorial and was promoted to Executive Vice President in 2012. He has managed the production of specials under the banner of Fox News Reporting, including: Destiny and Power – The Private Diaries of George Herbert Walker Bush, 13 Hours in Benghazi and the most recent, Rising Threats-Shrinking Military. Before joining FNC, Clemente spent 27 years at ABC News, where he led the division’s breaking news specials, and served as senior broadcast producer of 20/20, and World News Tonight.

Previously, Wallace served as Senior Vice President of News and Politics, handling day-to-day management of news programming originating from the New York bureau. Having worked at FNC since its 1996 inception where he began as a tape coordinator, Wallace has risen through the ranks in a number of positions including: New York Bureau Chief, Producer and later Executive Producer of the original Fox Report with Shepard Smith, and Executive Producer of News.