From the JPost:
Tamir Fredo will be the next head of the Mossad, the Prime Minister's Office announced Monday afternoon.
Fredo is a long term veteran of the Mossad, and was outgoing Mossad chief Meir Dagan's deputy.
This is how things go with people named Fredo:
UPDATE: Apparently the Jerusalem Post provided an incorrect transliteration -- it's Pardo, not Fredo. And, by the way, The Jerusalem Post also changed the spelling on its website without correcting its previous error.