Lionel Hahn/Sipa USA/AP
Joey Nolfi
March 12, 2017 AT 07:33 PM EDT

Tyra Banks is taking over America’s Got Talent‘s twelfth season.

The supermodel-turned-business-mogul announced Sunday she will take the reins from Nick Cannon, who exited the show in February after eight seasons as the show’s host.

“Surprise! TyTy is the new host of #AGT,” Banks tweeted. She also tagged the handles of judges Mel B, Howie Mandel, Heidi Klum, and Simon Cowell, saying she “can’t wait 2work” with her “new fam.”

Not long after Banks’ announcement, Mandel welcomed Banks with a GIF “introducing our new host.”

In recent years, Banks has shifted her focus from on-camera television gigs to expanding her personal brand across the professional sector, launching the successful Tyra Beauty cosmetics line in 2014 after completing Harvard’s Owner/Presidential Management certificate program two years prior.

Since then, she has maintained her executive producer and creator credits on the long-running reality competition series America’s Next Top Model, guest-starred on the hit ABC series Blackish, and served as an advisor on several episodes of the Arnold Schwarzenegger-hosted New Celebrity Apprentice in January.

“It wasn’t that hard,” Banks exclusively told EW about exiting America’s Next Top Model, something she’s wanted to do for nearly a decade — so much that she even brought in a replacement host for a round of interviews with The CW, the show’s parent network at the time, though she ultimately decided to stick with the program for a further 14 cycles.

“It’s something that’s been on the tip of my fingers for so long, so it wasn’t necessarily difficult [to let go]. It was actually exciting. I wanted the show to continue; I wanted to keep it new. With me creating and owning a significant portion of the show, it’s in my best interests to keep it going and to keep it fresh,” she continued. “I had mentors telling me in order to expand your production company and have new things, you have to delegate. You create and you move on… ”

For EW’s full Q&A with Banks, click here.

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