Its official now.
Howard A. Schmidt is the newly appointed US Cyber Security Czar in the President Obama administration. From the White House Blog entry, Introducing the New Cybersecurity Coordinator and email from Mr.John Brennan, Assistant to the President for Homeland Security and Counterterrorism to the WhiteHouse.gov registered email addresses, a great introduction to Howard is provided.
My guess over the last few months was either Bruce Scheneir or Howard Schmidt would get elected to the role. So my educated guess has been right.
In an illustrious career that has included being an advisor to a former President, Howard was also the president of the ISSA. He was an invited expert to the European Network and Information Security Agency (ENISA). His wikipedia entry will provide more justification to his stature than this blog post. :)
I do hope Howard will increase his confidence in Open Source Software after "Open source software a security risk, study claims". He gave a generic negative gesture toward Open Source software. :( In spite of this study, adoption of OSS has only increased.