After months of rumors and his departure on Thursday as chairman of Island Def Jam Music Group, Fox has confirmed that L.A. Reid will be a judge on The X Factor. Sources revealed to The Hollywood Reporter on Wednesday Reid’s new gig was complete, making him the first of four anticipated judges on Cowell’s upcoming Fox singing-competition show. “L.A. Reid is one of the most celebrated music producers and songwriters of our time and knows exactly what it takes to find and nurture a global superstar,” Fox alternative president Mike Darnell said in a statement on Friday. “Not only does he have an insanely good eye for talent, but he also has the personality and savvy to go toe-to-toe with Simon Cowell, so I can’t wait to see those two music moguls together at The X Factor judges’ table.” The show awards the winner with a Sony Music recording contract worth $5 million, and, according to THR, Reid is also rumored to be getting a position at Sony Music.