Frank Valentini, the executive producer who has overseen production of One Life to Live for the past nine years, will continue on with the show when begins production under the Prospect Park banner. Prospect Park has hired Valentini for a new position within the company.

"Under Frank Valentini's stewardship, One Life to Live's popularity and ratings continue to increase, and his commitment to us is another milestone in our commitment to relaunching One Life to Live with the best possible quality and storylines for audiences everywhere," Prospect Park partners Jeff Kwatinetz and Rich Frank said in a statement.

Overseeing a soap is a job in and of itself, but Valentini is also taking on additional responsibilities. Deadline Hollywood is reporting that Valentini has been named Vice President of Serial Drama for Prospect Park's still-unnamed Internet channel.

"Frank's successful track record both creatively and producorially with One Life to Live has been stellar and we are honored that he has also agreed to take on more responsibilities at our new network," Kwatinetz and Frank added.

Valentini became One Life to Live's executive producer in 2002, when he assumed the title from Emmy winner Gary Tomlin. Valentini has served in various capacities within the soap for the past 26 years, including stage manager, associate director, coordinating producer, senior supervising producer, and director.

There's no word yet on who will be writing One Life to Live. Current head writer Ron Carlivati has inked a deal that will have him writing for General Hospital after production on OLTL stops later this year.

Valentini will have familiar faces working on One Life to Live when the show transitions to the Internet. As reported earlier this month, Kassie DePaiva (Blair Cramer), Michael Easton (John McBain), Ted King (Tomas Delgado), and Erika Slezak (Victoria Lord) have agreed be a part of the post-ABC version of One Life to Live.

Prospect Park is also actively engaged in talks with stars of All My Children.