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American television host, comedian and satirist Stephen Colbert is set to takeover David Letterman‘s The Late Show. Working towards his retirement, Letterman, 66, has been the show’s host for more than two decades, making his debut in 1993 on CBS. Colbert has signed a five year contract with CBS and will not be pursuing his signature character seen on the Colbert Report on Comedy Central. Colbert told The New York Times, ”I won’t be doing the new show in character, so we’ll all get to find out how much of him was me. I’m looking forward to it.” Colbert will continue to host Colbert Report for at least another eight months and will transfer over to CBS once Letterman finalizes a timetable for his final broadcasts in 2015. With regards to Colbert as his successor, Letterman notes “I also happen to know [CBS] wanted another guy with glasses.” Stay tuned for more information on Colbert’s Late Show.