Peter Kaplan Is New Editorial Head of Fairchild Fashion Group

Patrick McCarthy, the current head of Conde Nast's Fairchild Fashion Group, has already announced that he's leaving at the end of the year. Conde has just named his replacement: none other than beloved former New York Observer editor Peter Kaplan.

Kaplan has been biding his time at Conde Nast Traveler for almost a year now. (And fake Twittering.) In his new role, he'll oversee the editorial side of "WWD,, Footwear News, Menswear, Fairchild Summits, Fairchild Books, and trade shows."