Herman Cain, a candidate for the Republican Party's nomination in the 2012 U.S. presidential election, has been hired as a contributor to both the Fox News Channel and the Fox Business Network.

Cain is the newest of Fox News’ recent high-profile hires, who include former U.S. Sen. Scott Brown, R-Mass.

“I’m excited about joining the Fox family as a contributor because it is an opportunity to be one more voice for intelligent thinking in American,” Cain said in a statement issued by Fox.

And while the former presidential candidate appears excited to join the Fox cable operation, it seems equally happy to have him aboard.

"Cain’s impressive resume makes him a valuable addition to the Fox News and Fox Business lineup. As a political expert with business savvy, he brings an important voice to the nation’s debates," Bill Shine, Fox News executive vice president of programming, said in the statement issued by the company.

Cain first rose to national prominence in 2011 when he officially entered the race for the Republican presidential nomination. Proponents of his candidacy pointed to Cain's business experience as CEO of Godfather’s Pizza from 1986 to 1996, but ultimately he was knocked out of the race, which was later won by Mitt Romney.

Fox News has long relied on employing well-known conservative figures as contributors to its operation, but the news network seems to be tweaking that approach, given its recent hiring of a liberal standard-bearer, former U.S. Rep. Dennis Kucinich, D-Ohio, for its stable of political contributors.

In other interesting moves, Fox News chose not to renew the contracts of Sarah Palin and Dick Morris. The latter was subject to especially strong criticism by those both inside and outside the network for his disastrously wrong predictions of the 2012 presidential election.

However, the cable news network’s recent addition of Cain to its lineup of contributors may reaffirm its reputation as a Republican stronghold.