Om Malik made the announcement earlier this week that his company, Giga Omni Media, has hired a new CEO:

Today it gives me great pleasure to announce that Paul [Walborsky] has been promoted to chief executive officer. As CEO, he will lead us through our next phase, in which we will go from being a small network of niche blogs to being a new media company with much bigger horizons.

Bringing on board Paul — a veteran of Wall Street, a founder of (two) startups and most importantly, a trusted friend — was perhaps the single most important decision I’ve ever made in terms of shaping the future of our company.

While the first two years have been devoted to laying the groundwork befitting our future, the next few years are going to be about executing our game plan. And Paul over the past 12 months has proved that he can execute.