Tyra Banks is the New Host of America's Got Talent | Time.com 

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is taking over for Nick Cannon, who has been emceeing the show since 2009. Cannon

earlier this year. Banks shared the news on Sunday

, "Suprise! TyTy is the new host of #AGT @nbcagt," using the hashtag shorthand for the show.

Surprise! TyTy is the new host of #AGT @nbcagt! Can\'t wait 2work w/new fam @OfficialMelB @howiemandel @heidiklum & @SimonCowell

In a press release, Banks said she's excited to host because she has been "obsessed" with grand performances that "make the seemingly impossible possible" since she was a young girl,

"I love how AGT brings that feeling into everyone's home, capturing the best of people who come out and give it their all to make those big, fierce and outrageous dreams come true," she said. "I look forward to connecting with the dreamers, having fun and giving hugs and words of encouragement when needed."

Banks joins judges Howie Mandel, Mel B, Heidi Klum and Simon Cowell who are also set to return for the upcoming season.

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