Jeffrey Zients, the Office of Management and Budget's deputy director for management, will become President Obama's man in charge of reorganizing the federal government and the nation's first federal chief performance officer.

Zients is a former CEO and chairman of The Advisory Board Company and chairman of the Corporate Executive Board.

"Jeff’s years of private sector experience means that he brings a unique perspective to his job as CPO and to this new assignment. Having been a CEO, management consultant, and entrepreneur, Jeff has a deep understanding of business strategy, process reengineering and operational management. In fact, Jeff spent the majority of his career leading two companies that help corporations around the world improve their performance by adopting best management practices," White House Communications Director Dan Pfeiffer wrote in a blog post.

Mike Emanuel currently serves as chief congressional correspondent for FOX News Channel (FNC). He joined FNC in 1997 as a Los Angeles-based correspondent.