John P. Filo/CBS/AP
April 09, 2015 07:20 AM

Bob Schieffer is stepping down from Face the Nation.

The legendary CBS newsman announced his retirement on Wednesday after nearly 50 years with the network, including almost a quarter of a decade as the host of the Sunday morning show, The New York Times reports.

Schieffer, 78, made the announcement while giving a speech at Texas Christian University. “Because that was where it all started for me, I wanted this to be the place, and I wanted you all to be the first to know that this summer I’m going to retire,” he said, according to CBS News.

“It’s been a great adventure,” Schieffer added. “I’m one of the luckiest people in the world, because as a little boy, as a young reporter, I always wanted to be a journalist, and I got to do that.”

CBS News President David Rhodes told CNN that Schieffer had been considering retirement for the past months, adding that it was “entirely Bob’s decision.”

“He’s been an inspiration and a mentor to so many colleagues – and frankly, to me. You could see at TCU tonight how that inspiration extends to a wider community of reporters and editors and academics,” Rhodes wrote in a staff-wide email.

Face the Nation celebrated its 60th anniversary this year.

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