Anna Wintour Promoted!

Photo: Pascal Le Segretain / Getty

She may not have made the cut to become an ambassador for the Obama administration, but Anna Wintour has found another way to extend her power.

Conde Nast announced on Wednesday that Wintour would take on an additional role as Artistic Director of the publishing company,
a post that was created for her.

After 25 years as Editor-in-Chief of American Vogue, Wintour's progression into the executive ranks of Conde Nast puts an end to speculations that the Iron Lady of Fashion would step down from her editorial duties.

Wintour, who turned 63 last November, was rumored to be on her way out when it emerged that she was being touted to become an ambassador to Britain.

In addition to retaining her role at Vogue, Wintour will curate the 17 other consumer titles published by Conde Nast and their respective websites. Following the announcement, Conde Nast C.E.O. Charles H. Townsend said: "Anna is an icon in the worlds of fashion, business and the arts, she has the foresight and wisdom to influence the major trends of our society and is respected globally as an accomplished businesswoman."

Wintour, who managed to raise millions of dollars in support of President Obama's re-election, may have the authority that Conde Nast needs to boost slumping readership and ad sales. But how much longer will she stay?