"I decided that this is the right time to move on," Kotb shared, adding that she wants to spend more time with her daughters, Haley, 7, and Hope, 5.
"I am beyond excited and grateful," said Melvin, 45. "This is the latest in a long line of blessings."
Kotb announced her exit from 'Today' after 26 years in September. "I just turned 60, and it was such a monumental moment for me."
A source told People that Bush Hager will have rotating guest co-hosts on the fourth hour show. "It will be Today with Jenna and Friends until a new host is named."
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