President Barack Obama on Wednesday plans to announce that former Sens. Chuck Hagel (R-Neb.) and David Boren (D-Okla.) will serve as co-chairmen of the President’s Intelligence Advisory Board.

“I’m very pleased that these two distinguished Americans have agreed to serve as co-chairmen of my Intelligence Advisory Board,— Obama said in a statement. “They have been leading voices on intelligence and security issues, and they represent the bipartisan consensus for a strong and smart national security policy. They have my full support, will report to me, and will have the full cooperation of my National Security Council staff.—

Hagel served on the Senate Intelligence Committee for six years and Boren served as its chairman. Obama plans to announce the appointment at a White House meeting early Wednesday afternoon with officials representing various U.S. intelligence agencies. Afterward, he will sign the fiscal 2010 Defense authorization bill in the Rose Garden.