Penny Lancaster and Rod Stewart Penny Lancaster and Rod Stewart

Sixty-year-old rocker Rod Stewart and his 34-year-old fiancee, Penny Lancaster, welcomed their first child together, a baby boy, early Sunday morning in a London hospital. "Both Penny and our baby son are gorgeous, healthy and doing well," Stewart said in a statement. A rep for Lancaster says wedding plans will be made once Stewart's divorce from model Rachel Hunter is finalized  which, after all, is only the proper thing to do.