Time magazine on Wednesday named recently re-elected President Barack Obama as its "Person of the Year" for 2012, the second time the U.S. head of state has garnered that honor.

Obama, whom the magazine hailed as "the architect of the new America," became the 13th person to receive that distinction on two occasions, having also been the person who most influenced the year's events in 2008.

"After four of the most challenging years in the nation's history, his chance to leave office as a great president who was able to face crises and build a new majority coalition remains within reach," Time said on its Web site.

Obama is the year's most significant person because "he created and built a new majority and turned weaknesses into opportunities and sought, in the midst of great adversity, to unite the country," the magazine said.

The president beat out Malala Yousafzai, a Pakistani teenager who was shot and nearly killed this year by Taliban gunmen in retaliation for her support of girls' education; Apple CEO Tim Cook; Egyptian President Mohammed Morsi; and Fabiola Gianotti, a particle physicist and coordinator of a team of scientists who worked on the discovery of the Higgs boson. EFE