According to recent reports from foxnews.com, it is today that the White House will announce that President Obama has chosen Howard A. Schmidt, as the new Cybersecurity Coordinator. Schmidt will be filling the post, after a year-long search.

An administration official said that Cybersecurity is critical to both the U.S’s national security, and economic competitiveness. Obama wanted to make sure, that the new Cybersecurity Coordinator had the right mix of private and public sector experience.

Reports say that the President chose Schmidt, because of his unique background and skillsets. He has not only served as Chief Information Security Officer at eBay, but also Chief Security Officer at Microsoft and has worked for the Defense Department.

You can read more on this story at foxnews.com.