Jay Leno, the long-time host of The Tonight Show announced that he will be wrapping up his 22-year career at the Tonight Show in Spring of 2014.
Jimmy Fallon, current host of "Late Night with Jimmy Fallon" on NBC, will take over the new hosting duties.
Also a part of the transition is moving "The Tonight Show" to it's original home in the iconic 30 Rock building in New York. Lorne Michaels of Saturday Night Live fame will serve as Executive Producer.
"Congratulations, Jimmy. I hope you're as luck as me and hold on to the job until you're the old guy," Leno said. "If you need me, I'll be at the garage."
Leno had the tough task of taking over the show after television legend Johnny Carson left in 1992.
"I'm really excited to host a show that starts today instead of tomorrow," Fallon joked.
"The Tonight Show" has ranked #1 ahead of it's ABC and CBS counterparts in viewers aged 18-49 and in total viewers for every season since Leno's return in March of 2010, as well as before he left in May of 2009.