Laverne Cox to replace Giuliana Rancic as E! red carpet host: 'I can't wait to get started'

Laverne Coxis trading in orange for red.

TheOrange Is the New Blackalum is replacingGiuliana Rancicas the new host of the E!

‘sLive from the Red Carpet, EW has confirmed.

“I’m so excited and deeply humbled to be hosting E!

’s iconic red carpet coverage,” Cox says in a statement.

’s coverage all day long.

I dreamed of walking red carpets.

I can’t wait to get started while hopefully serving up fashion fantasies for the ages honey."

Meanwhile, Rancic announced on Friday that she is stepping down from the role after two decades.

“After 20 fabulous years hosting E!

’s parent company NBCUniversal where I will be producing and bringing stories to life.

It has truly been a highlight of my career and life.”

Read Rancic’s full statement below: