The Dream announced his new position as Executive Vice President of Island Def Jam Records Wednesday through his Twitter page. The 27-year old singer, songwriter, and producer sent out a series of Tweets late that evening saying:

“I wanna Thank everyone at Island Records/DefJam for their faith in me and making me Executive Vice President of Island Records. Thank you to my team..my manager Mark Stewart & my attorney Aaron Rosenberg for getting this 1st step of a goal accomplished. Thanks to Judy. Thank you to my partner Tricky Stewart and the RadioKilla & RedZone Staff. LA Reid, Karen Kwak, Steve Bartels, Joe Barino. Steve Gotlieb and Thank you, Universal Chairman, Doug Morris. I look forward to the challenge of rebuilding music for not only Island Records, But for Universal Records as a whole. Today I'm humbled and blessed. Terius "The-Dream"

RadioKilla is taking over the position previously held by Chris Hicks, who took over the position after the untimely death of Def Jam executive, Shakir Stewart. Now L.A. Reid and the Def Jam family are passing the reigns to one of their own by giving the position to The Dream. The Dream also made sure to give a special shoutout to his fiancé, actress/singer Christina Milian and her family for their support.

“Oh yeah thank you Christina for your wonderful belief in me i love you! also i want to thank the entire Nash family and Milian family for the Super Support you Give! this doesnt mean i have extra money it means i have extra bills LOL.”

His third album, which he says will be his last, is entitled Love King and due for release later this year.

First, I can't believe this will be his last album. I for one think this is very interesting and I would definitely like to see what The Dream will do as vp, probably will make every artist a song or beat for their albums lol. Hell well we know Christina Milian will probably do something this time around since her soon to be hubby will be overseing her album as well as budget, marketing, and blah blah blah. I can't wait to see what happens!