​Effective Jan. 1, 2015, CBS News President David Rhodes will take sole control over the network’s news division. Jeff Fager will step down from his role as chairman and focus on its Sunday night show 60 Minutes.

Fager has decided to return to 60 Minutes as executive producer, extending his contract with the show through 2019. He joined the division in 2011 to take a larger part in improving the CBS News brand, and in his announcement, Fager said that he had always planned to leave the leadership role to return to the show “when the time was right.”

The rest of his statement upon leaving is below:

“So much about CBS News is going well, and I am extremely proud of where we have come in these four years. Just in this past month, we reached new heights. Our election coverage was the best it has been in a long time. Face the Nation is celebrating 60 years on the air, and it as strong as it has ever been. Our new streaming news service, CBSN, is up and running after an exciting and successful launch. Every day, the people of this news organization are turning in the kind of high-quality reporting that is in keeping with our identity and heritage as the home of the best in broadcast journalism. I am confident that this record of achievement will only get better with David Rhodes, my friend and partner in all of this, continuing as president.”

Rhodes has been president of CBS News since 2011, and in his goodbye memo to Fager, thanked him for taking over CBS News’ “most important broadcast.”

Meanwhile, the news division over at NBC also is in the midst of some upheaval. Questions persist over whether anchors Natalie Morales and Willie Geist will remain on the Today Show after the abrupt departure of Jamie Horowitz, who had originally been wooed to NBC News from ESPN.

[Image courtesy of CBS]

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