Peter Kramer/NBC/NBCU Photo Bank via Getty Images
Christopher Rosen
October 18, 2016 AT 02:45 PM EDT

Today show host Matt Lauer read a brief statement about Billy Bush’s exit from the program during Tuesday morning’s broadcast.

“NBC News announced last night that Billy Bush would be leaving the Today show effective immediately, noting that he was a valued colleague and longtime member of the broader NBC family,” Lauer said. “A statement Billy released separately last night read in part, ‘I look forward to what lies ahead.’ And, of course, all of us here at Today wish Billy the very best.”

Bush was suspended from the Today show last week, after video from 2005 of a graphic conversation he had with Donald Trump about women was released. In the footage, Trump boasts about trying to “f—” Bush’s then-Access Hollywood co-host Nancy O’Dell and says he can grab women “by the p—y” because of his fame. Bush, meanwhile, calls Days of Our Lives star Arianne Zucker “hot as sh–” in the video.

The 44-year-old host apologized for the remarks, and released this statement on Monday, following news that he was no longer with NBC or the Today show. “I am deeply grateful for the conversations I’ve had with my daughters, and for all of the support from family, friends and colleagues. I look forward to what lies ahead.”

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