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Russian President nominated "Person of the Year"

Time magazine named Russia’s president Vladimir Putin “Person of the Year.”

Putin showed "extraordinary feat of leadership in taking a country that was in chaos and bringing it stability," said Richard Stengel, Time's managing editor.

The other winners are Nobel Prize-winner Al Gore and author J.K. Rowling.

This year's honor was a return to the magazine's tradition of picking an individual rather than last year's choice of anyone creating or using content on the World Wide Web.

Previous winners have also included Bono, President George W. Bush and Amazon.com CEO and founder Jeff Bezos.