Irina Shayk is the Sports Illustrated Swimsuit Edition 2011 cover girl.
Howard Stern's pal David Letterman had the honor of the announcing the news on Monday night's Late Show.
See photos of Irina Shayk and other models from the Sports Illustrated 2011 Swimsuit Edition in the slideshow
Irina Shayk is the first Russian born model to appear on the cover of Sports Illustrated's most popular non-sport related issue of the year. She is best known for her performance in the video for Kanye West's "Power".
Model Brooklyn Decker, who Stern recently drooled over on air, is also featured in the issue available on newsstands now.
Lindsay Lohan: did she go commando in her Basic Instinct dress? (photos)
Other scantily clad models in this year's SI Swimsuit issue include: Hilary Rhoda, Julie Henderson, Cintia Dicker, Kenza Fourati, Alyssa Miller and Chrissy Teigen
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