The BBC has confirmed that former Audio & Music boss Tim Davie has taken temporary residence of its director general position following the resignation of George Entwistle.
Entwistle stood down on Saturday after just seven weeks in the job, following two major recent scandals that had engulfed the BBC's Newsnight programme.
First, it emerged last month that Newsnight had scrapped plans to run an investigation into Jimmy Savile's alleged history of sexual abuse last year.
Then, on November 2, interviewee Stephen Messham suggested on the programme that a leading Tory politician from Margaret Thatcher's government had repeatedly sexually abused him as a child in Wales - but later retracted the claim.
Tim Davie, 45, joined the BBC in 2005 from PesiCo Europe as director of marketing, communications and audiences.
In September 2008, he was promoted to become direction of Audio & Music at the Beeb, where he almost immediately had to deal with the fallout from 'Sachsgate' - when Jonathan Ross and Russell Brand left an explicit voice message on actor Andrew Sachs' mobile live on air.
George Entwistle's exit statement in full can be read below.
"In the light of the fact that the Director-General is also the Editor-in-Chief and ultimately responsible for all content; and in the light of the unacceptable journalistic standards of the Newsnight film broadcast on Friday 2nd November; I have decided that the honourable thing to do is to step down from the post of Director-General.
"When appointed to the role, with 23 years' experience as a producer and leader at the BBC, I was confident the Trustees had chosen the best candidate for the post, and the right person to tackle the challenges and opportunities ahead. However, the wholly exceptional events of the past few weeks have led me to conclude that the BBC should appoint a new leader.
"To have been the Director-General of the BBC even for a short period, and in the most challenging of circumstances, has been a great honour.
"While there is understandable public concern over a number of issues well covered in the media - which I’m confident will be addressed by the Review process - we must not lose sight of the fact that the BBC is full of people of the greatest talent and the highest integrity. That’s what will continue to make it the finest broadcaster in the world."