Iowahawk has the details:
WASHINGTON DC – Ending weeks of speculation and rumors, President-Elect Barack Obama today named Bill Clinton to join his incoming administration as President of the United States, where he will head the federal government’s executive branch.
“I am pleased that Bill Clinton has agreed to come out of retirement to head up this crucial post in my administration,” said Obama. “He brings a lifetime of previous executive experience as Governor of Arkansas and President of the United States, and has worked closely with most of the members of my Cabinet.”
Clinton said he was “excited and honored” by the appointment, and would work “day and night” to defeat all the key policy objectives proposed by Mr. Obama during the campaign.