Holy crap! Marvel Boy’s predictions from last week were apparently true. Marvel sent out a press release today announcing that Joe Quesada is no longer the editor and chief of Marvel Comics. NY Times ran the following article:

In a move designed to enhance its existing management team, Marvel Enterprises, Inc. (NYSE:MVL - News) announced a strategic re-alignment of existing management to position the Company for the next phase of growth. Editor and Chief Joe Quesada will be shifting into a non-executive role with the new title of “Chief Marketing Officer.”

I have the full press release after the break, of course no word yet on who will be replacing him.