It's official -- Jay Leno will depart The Tonight Show by spring 2014 and will be replaced by Jimmy Fallon, NBC announced today.
The Tonight Show with Jimmy Fallon will be returning to its original home in 30 Rock in New York and will be executive produced by Lorne Michaels (Saturday Night Live, 30 Rock). It has yet to be announced who will take over Late Night, Fallon's current show.
"Congratulations Jimmy," Leno said in a statement. "I hope you're as lucky as me and hold on to the job until you're the old guy. If you need me, I'll be at the garage."
Leno has hosted The Tonight Show franchise for 22 years.
"I'm really excited to host a show that starts today instead of tomorrow," Fallon said in a statement.