Elaine Irwin, John Mellencamp’s Ex, Engaged to Jay Penske, Media Mogul

Jay Penske and Elaine Irwin attend Canon Celebrates Cinematography party on January 20, 2013 in Park City, Utah.  Jerod Harris/Getty Images for Variety

Elaine Irwin is going to be a married woman once more. The model and face of Almay is officially engaged to media mogul Jay Penske, the New York Post's Page Six confirms.

"I can confirm Jay and Elaine were engaged around late October last year, while they were on a trip to India," a rep for Penske's PMC told the Post. 

The pair have been spotted making the rounds together at the Sundance Film Festival in Park City, Utah, in the past week, with Penske introducing Irwin as his "fiancee," the paper reports. Penske, the son of racing mogul Roger Penske, has his own racing team in addition to owning Variety, Deadline and Hollywood Life.

Irwin, 43, and Penske, 34, got engaged in October of last year during a trip to India, according to the Post. The pair have been quietly dating since shortly after Irwin’s split from husband-of-18-years John Mellencamp, back in January 2011.

"The only thing certain in life is change itself," Irwin told GlobalGrind.com at the time. "Change is good, some would say it is our greatest teacher, and I am embracing it."

Irwin and the "Jack and Diane" singer, 61, have two sons together — Hud, 17 and Speck, 18.

The former couple separated in September 2010 in the same month as their 18th wedding anniversary and announced their split several months later. The divorce papers confirmed that they had signed a prenuptial agreement as well as a confidential child custody agreement.

Rocker Mellencamp has since embarked on a serious relationship with Meg Ryan, dating the 51-year-old actress since November 2010.

Sign up now for the Us Weekly newsletter to get breaking celebrity news, hot pics and more delivered straight to your inbox!

Want stories like these delivered straight to your phone? Download the Us Weekly iPhone app now!