A Prairie Home Companion host Garrison Keillor will be stepping away from the show after more than 40 years -- and Chris Thile has been announced as his successor.

Keillor recently announced Thile's takeover of the show, which celebrates its 41st anniversary on July 6, with the Punch Brothers frontman confirming to the Mandolin Cafe, "Everything Garrison said is true, and I’m really excited.”

According to Vulture, Keillor and Thile will co-host for the time being, while Thile taking over as the full-time host sometime in 2016.

"Chris is my man," Keillor tells the Pioneer Press, "and I'm eager to stay home and read books. But of course, I'll do whatever needs to be done to assure an easy transition -- sing, dance, do 'Guy Noir,' talk about my hometown, whatever is required."

Thile, who is also a member of the trio Nickel Creek, has served as a guest host on the St. Paul, Minn.-based radio show multiple times -- twice this year alone. Keillor is planning to remain onboard during the transition of the show, sharing hosting duties and serving as a writer and executive producer.

"Chris Thile is a gifted artist and a great musical enthusiast of far-ranging interests,” Keillor said prior to one of Thile's guest-hosting appearances. “He is a great choice to host two shows in February ... and I look forward to sitting at home and listening to them.”

In addition to Thile's appearances, the Punch Brothers have also served as guest performers on the show, which is part of American Public Media. More information about A Prairie Home Companion can be found at PrairieHome.org.