This Jan. 31, 2014 file image released by Starpix shows Stephen Colbert at the Shape Magazine and Men’s Fitness Super Bowl Party in New York. CBS
This Jan. 31, 2014 file image released by Starpix shows Stephen Colbert at the Shape Magazine and Men's Fitness Super Bowl Party in New York. CBS announced Thursday, April 10, 2014, Colbert, the host of 'The Colbert Report,' will succeed David Letterman as the host of 'The Late Show.' (AP Photo/Starpix, Amanda Schwab)

Stephen Colbert is replacing David Letterman as CBS’ late-night host.

CBS announced Thursday that “The Colbert Report” host will replace Letterman when he retires next year. Colbert is signed for five years.

Letterman has hosted “Late Show with David Letterman” since 1993. He turns 67 Saturday.

Colbert says in a statement: “I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave’s lead.”

Comedy Central’s Emmy-winning “The Colbert Report” has been a hit since its launch in 2005.