Corden will succeed Craig Ferguson, who has hosted the program for the past decade. Ferguson announced his intention to leave the show during his April 28 broadcast, and will sign off in December 2014.

"The Late Late Show with James Corden" will be produced by CBS. The creative elements, as well as the producers and the location for the program, will be determined and announced at a later date.

"The Late Late Show" is broadcast weeknights on the CBS Television Network from 12:37-1:37 AM ET/PT.

“James Corden is a rare entertainment force who combines irresistible charm, warmth and originality with a diverse range of creative instincts and performance talent,” said Nina Tassler, chairman, CBS Entertainment, in a statement. “He is the ultimate multi-hyphenate – a writer, creator and performer who is loved and respected in every medium he touches, including theater, comedy, music, film and television. James is already a big star in the UK and he’s wowed American audiences on Broadway; we’re very excited to introduce his considerable and very unique talents to our network television audience on a daily basis.”

“I can’t describe how thrilled and honoured I am to be taking over from the brilliant Craig Ferguson,” added Corden. “To be asked to host such a prestigious show on America’s #1 network is hugely exciting. I can’t wait to get started, and will do my very best to make a show America will enjoy.” English native Corden, who won a Tony for his performance in One Man, Two Guvnors, will be seen in the upcoming film adaptation of "Into the Woods."