Comedy Central’s Stephen Colbert will succeed Late Show host David Letterman upon his retirement in 2015, CBS has said.

Stephen Colbert, 49, is host of acclaimed late-night satire program The Colbert Report.

David Letterman, 66, said last week he was retiring after 21 years hosting the CBS show and 11 years on NBC’s Late Night.

On his show, Stephen Colbert plays a satirical version of himself to mock right-wing pundits. He has suggested he will retire the character for the new show.

Stephen Colbert will succeed Late Show host David Letterman upon his retirement in 2015 (photo CBS)

“Stephen Colbert is one of the most inventive and respected forces on television,” CBS president Leslie Moonves wrote in a statement following the announcement.

“David Letterman’s legacy and accomplishments are an incredible source of pride for all of us here, and today’s announcement speaks to our commitment of upholding what he established for CBS in late night.”

Stephen Colbert’s biting brand of satire has drawn critical acclaim as well as provoking ire, often from the Republicans and conservatives he skewers.

Recently he was attacked on social media for a joke some viewed as disparaging toward Asian Americans but which he meant as a satirical jab at the owner of the Washington Redskins American football team.

Of his hiring to the Late Show top spot, Stephen Colbert said, “simply being a guest on David Letterman’s show has been a highlight of my career.”

“I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave’s lead.”

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