(Bloomberg) -- Chuck Todd said Sunday he plans to step down as moderator of NBC’s Meet the Press after almost a decade, to be replaced by Kristen Welker.

“While today is not my final show, this will be my final summer here at Meet the Press,” Todd told viewers.

Welker, NBC’s chief White House correspondent, has regularly filled in for Todd on the program. 

NBC is making changes to its long-running Sunday politics show at a critical moment. The 2024 presidential race is heating up and Todd’s replacement, Welker, won praise for how she moderated a presidential debate between Donald Trump and Joe Biden. Todd was often attacked by Trump, the likely Republican front-runner. 

The network is also seeking to shake up a morning talk show format that’s struggling to remain relevant in the face of competition from cable news and social media. More broadly, the TV industry is contending with a growing number of viewers who are canceling their subscriptions.

“The key to survival of any of these incredible media entities, including here at Meet the Press, is for leaders not to overstay their welcome,” he said. “I’d rather leave a little bit too soon, than stay a tad bit too long.” 

Todd said he will continue to work on projects within NBC after he steps down from the show. 

(Adds US presidential race in fourth paragraph.)

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