Maria Bartiromo, the most famous CNBC anchor, has decided to depart from the channel and begin work for competitor Fox Business.
"I have been privileged and honored to have had this front-row seat to the most important economic stories of the day and I love CNBC," Bartiromo wrote in a statement. "And I'm ready for a new adventure."
After the Drudge Report broke the news Monday, CNBC quickly confirmed that Bartiromo would be leaving the show after 20 years. Her final day with CNBC will be Sunday, when her contract expires.
“Her contributions to CNBC are too numerous to list,” a CNBC spokesperson said, “but we thank her for all of her hard work over the years and wish her the best.”
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Bartiromo’s decision will now leave CNBC without its lead anchor.
Drudge reported that Bartiromo will do similar work on Fox, most likely running a daily market hours program for Fox Business.
The switch is a major win for Fox News, which has been the runner up in business market television.
Bartiromo was the first journalist to report live from the New York Stock Exchange on a daily basis and has anchored non-business shows like New York City’s Columbus Day Parade.
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She was also nominated for a Gerald Loeb Award for Distinguished Business and Financial Journalism and received a Gracie Award in the category of Outstanding Documentary.