This Incredible Woman was Just Named TIME's Person of the Year

German Chancellor Angela Merkel has been named TIME's Person of the Year.

TIME's Managing Editor Nancy Gibbs made the announcement Wednesday in an exclusive interview on "TODAY."

"In a year where world leaders were tested all through the year, no one was tested the way she was, over and over again," Gibbs told "TODAY" correspondent Savannah Guthrie. "The threat to European peace and security really fell to her."

The 61 year old was chosen over seven other finalists that included the Black Lives Matter activists, ISIS leader Abu Bakr al-Baghdadi, transgender figure Caitlyn Jenner, Uber CEO Travis Kalanick, Russian President Vladimir Putin, Iranian President Hassan Rouhani and Republican presidential candidate Donald Trump, according to CNN.

"TODAY" reports that Merkel is the fourth woman to appear solo on the magazine cover.

"She has stepped up in a way that was uncharacteristic even for her," Gibbs said. "She's been a very long-serving leader, the longest-serving in the west. She controls the world's fourth largest economy, but this year she really was tested in how she would respond to some of the most difficult challenges that any leader is facing in the world."

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