Sajid Javid has been promoted from his ministerial role at the Treasury to become the new Culture, Media and Sport Secretary, David Cameron has announced.
The Bromsgrove MP, a former managing director at Deutsche Bank, has long been tipped as a rising star in the Conservative Party and has served as Financial Secretary to the Treasury since last October.
Nicky Morgan is stepping up from her role as Economic Secretary to the Treasury to replace Mr Javid, the Prime Minister said.
Mr Javid, a father of four, is part of the 2010 intake of MPs and was quickly made a member of the Work and Pensions Select Committee.
At the age of 25 he became a vice-president at Chase Manhattan Bank and his background in finance made him an obvious choice for a job under Chancellor George Osborne.
In 2012 the state-educated MP was made economic secretary to the Treasury, rising up the departmental ranks the following year.
Last month he sparked jeers on the Labour benches in the House of Commons when he said all appointments to a powerful Bank of England committee are made ''on merit'' after being asked why no women had been appointed since June 2010.
Ms Morgan, who has one son, served in the whips' office until being appointed economic secretary to the Treasury last year.
The Loughborough MP also came into Parliament at the last general election after a career in corporate law. Ms Morgan's profile began to rise after last month's Budget when she was put forward to tour the TV studios to explain the measures that had been announced. The Prime Minister said she will attend Cabinet in her additional role as Minister for Women.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here