TIME Magazine‘s ‘Person of the Year’ for 2012 is President Barack Obama. “For finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union, Barack Obama is TIME‘s 2012 Person of the Year,” said TIME Magazine‘s editor Richard Stengel.

Possible candidates included Egyptian president Mohamed Morsi, Apple CEO Tim Cook, and Malala Yousafzai, the Pakistani teenager attacked for advocating girls’ education. Renowned photographer Nadav Kander shot the cover, along with a second photo representing the first formal portraits of the President since his re-election.

You can check out the second photo after the jump.

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