Craig Ferguson Leaving ‘Late Late Show’ (VIDEO)

And the late-night changes just keep on comin'...

Craig Ferguson, host of "The Late Late Show" on CBS announced Monday that he will step down from the show at the end of this year.

“CBS and I are not getting divorced, we are ‘consciously uncoupling,’ but we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much,” said Ferguson in a statement.

Ferguson has hosted "The Late Late Show" since 2005 after taking over for previous host Craig Kilborn.

In a statement, CBS Entertainment chairman Nina Tassler said, “During his 10 years as host, Craig has elevated CBS to new creative and competitive heights at 12:30. He infused the broadcast with tremendous energy, unique comedy, insightful interviews and some of the most heartfelt monologues seen on television. Craig’s versatile talents as a writer, producer, actor and comedian speak to his great days ahead. While we’ll miss Craig and can’t thank him enough for his contributions to both the show and the network, we respect his decision to move on, and we look forward to celebrating his final broadcasts during the next eight months.”

This announcement comes weeks after David Letterman announced that he will retire next year as host of "The Late Show", with Stephen Colbert as his replacement.

Ferguson already has a new job lined up: he will host a syndicated game show called "Celebrity Name Game", set to premiere this fall.

Here is video of Ferguson's announcement on "The Late Late Show".

Source: The Hollywood Reporter