"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. 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," he announced.
Prior to hosting his own show on Comedy Central, Stephen worked on "The Daily Show" from 1997-2005.
We're definitely excited to see what the comedian brings to the famous late night talk show -- are you happy to hear that Colbert will be taking Letterman's place? Sound off below!