Octavia Spencer Named 2017 Hasty Pudding Woman of the Year

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Octavia Spencer just landed a major honor!

The Hasty Pudding Institute at Harvard University announced Spencer as its 2017 Woman of the Year on Wednesday, one week after Ryan Reynolds was named Man of the Year.

READ: Octavia Spencer Buys Out 'Hidden Figures' Screening for Less Fortunate Families in L.A.

To commemorate her new title, the Hidden Figures star will lead a parade through the streets of Cambridge, Massachusetts, followed by celebratory roast put on by Hasty Pudding Theatricals.

Spencer, 46, will also be presented with her Pudding Pot at Harvard Square’s Farkas Hall. The celebration will commence with a press conference to be live-streamed via the Hasty Pudding Facebook page for the first time ever.

Festivities for the Woman of the Year event begin on Jan. 26 at 3 p.m. EST.

WATCH: Octavia Spencer Reacts to 'Hidden Fences' Flub at Golden Globes