Fox News announced Friday that Shepard Smith would be stepping down from his role as Chief News Anchor and Managing Editor of the network’s breaking news unit and anchor of Shepard Smith Reporting. Smith’s last time anchoring was today.

Smith, in a statement, said he had asked Fox to be released from his contract. “Recently I asked the company to allow me to leave Fox News and begin a new chapter,” Smith said. “After requesting that I stay, they graciously obliged. The opportunities afforded this guy from small town Mississippi have been many. It’s been an honor and a privilege to report the news each day to our loyal audience in context and with perspective, without fear or favor. I’ve worked with the most talented, dedicated and focused professionals I know and I’m proud to have anchored their work each day — I will deeply miss them.”

The network said a series of rotating anchors would host the 3 p.m. ET time slot until a new dayside news program is announced.

Here’s the announcement from Fox News, in full: 

FOX NEWS CHANNEL’S SHEPARD SMITH TO STEP DOWN AS CHIEF NEWS ANCHOR AND MANAGING EDITOR OF BREAKING NEWS UNIT