Dan Balz, the veteran political reporter for The Washington Post who has spent more than three decades at the paper, will become its first ever chief correspondent, Marcus Brauchli, The Post's executive editor, said Wednesday. 

This designation reflects Dan’s great stature and many accomplishments over three decades, as well as his ambition to widen his range and do even more,” an internal memo sent to staff said.

This announcement comes on the heels of reports that, Balz who has covered every presidential election since 1976, was in talks with Reuters over taking a major editorial role at the wire service.

Balz, who has served as a political and national editor as well as White House correspondent, co-authored “The Battle for America 2008: The Story of an Extraordinary Election.”