updated 04/10/2014 AT 12:30 PM ET
•originally published 04/10/2014 AT 12:35 PM ET
Get ready for the late show with Stephen Colbert.
The star of The Colbert Report will replace David Letterman as host of the Late Show, CBS announced Thursday.
“Simply being a guest on David Letterman’s show has been a highlight of my career. I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave’s lead,” Colbert, 49, says in a statement. “I’m thrilled and grateful that CBS chose me. Now, if you’ll excuse me, I have to go grind a gap in my front teeth.”