He picks Nancy Killefer for the newly created position, which will set performance standards for federal agencies, hold managers accountable.
Calls the announcement "among the most important that I will make," says she'll help him keep his promise to scour the budget line by line.
Click above to watch. Full remarks here.
Killefer is director of a management consulting firm and was an assistant treasury secretary under President Clinton.
Plus: Obama has reportedly asked Dennis Ross, Richard Haass and Richard Holbrooke to serve as envoys to world hotspots.
