Giuliana Rancic is stepping down as 'E! News' co-host

LOS ANGELES, July 9 (UPI) -- Giuliana Rancic is leaving her role as day-to-day anchor at E! News.

By August 10, Rancic will no longer be on the nightly entertainment news show, but will continue working as a host on E!'s Live From the Red Carpet and Fashion Police.

On Wednesday, the TV host released a statement stating: "For more than a decade, I was fortunate enough to play a role in the success of E! News and will miss my family at the show. At the same time, I am excited to not only continue as host of two major franchises on E! but also executive produce the aspirational new show Rich in Faith for Oxygen as well as take my wine and clothing lines to the next level."

She added, "This is such a thrilling time for me and I thank the gang at E! for understanding my desire to embark on this next chapter in my life."

The TV personality started the show back in 2002 and began hosting in 2005. A year later, Ryan Seacrest joined her and the two co-hosted until 2011.

E! general manager and president of Esquire Network, Adam Stotsky, said, "During her time here, Giuliana played an instrumental role in building E! News into a global entertainment news powerhouse and, while we will miss seeing her on set every day, we are delighted to continue to work with her on Fashion Police and Live From the Red Carpet."

Earlier this year, the author was caught in the middle of controversy when she commented on Zendaya's deadlock hair do from the Oscars and said the singer looked like she smelled like "patchouli or weed."

That event later dwindled into a public debacle with former Fashion Police co-host, Kelly Osbourne. After that Kathy Griffin, who took over the late Joan Rivers' role on the show, stepped down from her position.

Fashion Police is set to return August 31. Rancic along with stylist Brad Goreski will be back on the show and Melissa Rivers will replace Griffin and fill the role her mother made famous.