Teeman, who has been acting sales director since December, will oversee a team of more than 100 across 25 BBC titles, including Radio Times, Good Food, Top Gear and Top of the Pops.
Teeman joined the BBC in 1993 as a senior sales executive on Radio Times and became deputy ad manager in 1997. In 1999, he became commercial manager on Beeb.com and group advertising director for BBC Magazines in 2002.
Munday, who has been working abroad on BBC Magazines' projects for the past six months, will be assuming UK publishing responsibilities for what the division has described as a "significant development project", the full details of which are expected to come later in the year.
If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the Forum.