For a second time, Barack Obama named Time Person of the Year
The magazine also shortlisted Pakistani girls' education rights activist Malala Yousafzai, 15, for the title.
"For finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union, Barack Obama is TIME's 2012 Person of the Year," the publication's editors said in explaining their choice for the annual honour.
This is the second time that Obama will feature on Time's cover as Person of the Year.
He was given the title in 2008 and becomes only the 13th person in the publication's 85-year old history of naming 'person of the year' to be chosen more than once as the year's most influential newsmaker.
Among others shortlisted was Malala, Egyptian President Mohamed Mursi and Apple CEO Tim Cook.
Yousafzai, recuperating in Britain after being shot in the head by Taliban militants who opposed her fearless efforts to fight for the education rights of Pakistani girls, has "become perhaps the world's most admired children's-rights advocate".
"In trying, and failing, to kill Malala, the Taliban appear to have made a crucial mistake. They wanted to silence her. Instead, they amplified her voice. Since October her message has been heard around the world, from cramped classrooms where girls scratch out lessons in the dirt to the halls of the UN and national governments and NGOs, where legions
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