Taylor Swift named Woman of the Year

Billboard has announced that global superstar Taylor Swift will accept its 2014 Woman of the Year Award.

Billboard will present the seven-time Grammy-winning artist with the award at the ninth annual Women in Music event, which takes place Dec. 12 at Cipriani Wall Street in New York City, and is presented by American Express. The event marks the first time in Billboard history that an artist will be given the award a second time.

The Billboard Woman of the Year Award honors a female artist who has shaped and inspired the music industry with her success, leadership and innovation over the past twelve months. Past winners include Pink, Katy Perry, Fergie, and Beyoncé.

The event is held in conjunction with the much-anticipated publication of Billboard's Women in Music Power Players list, which recognizes the top female music executives leading the industry with their artistic and business vision. Recipients of the Billboard Rising Star and Icon awards, as well as Breakthrough Artist of the Year and Country Artist of the Year, will be announced in coming weeks.

"As one of the most influential artists of her generation, Taylor Swift has seen incredible success on the Billboard charts," said Janice Min, co-president and chief creative officer of Guggenheim Media's Entertainment Group, which consists of Billboard and The Hollywood Reporter. "Over the course of her career, she's charted 60 entries on the Billboard Hot 100 -- the most of any female artist since her debut in 2006. We are tremendously excited to be honoring her as the 2014 Billboard Woman of the Year for the second time."