James Corden.Photo: Emma McIntyre/Getty

James Corden

The longtime talk show host, 43, has extended his contract with CBS for one more year before leaving the show at the end of his extension in Spring 2023, PEOPLE confirms.

In a statement toDeadline, who was the first to report the news, Corden said choosing to leave the show after eight-and-a-half years was “a really hard decision.”

“I’m so immensely proud of the show,” he said, referring to the late night series as the “most joyous working environment”.

“I’m thrilled to be extending [for a year],” Corden continued. “I always thought I’d do it for five years and then leave and then I stayed on. I’ve really been thinking about it for a long time, thinking whether there might be one more adventure.”

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“I’ll miss the adrenaline of thinking ‘Next week I’m going to jump out of a plane withTom Cruiseor in two weeks’ time, we’re going to drive around the White House in a car withMichelle Obamaor sing Penny Lane with Paul McCartney driving down Penny Lane,” he added. “All of my greatest ambitions for what it what [the show] could be, it’s absolutely surpassed all of them. My intention is to try and go out in exactly the same way we came in, which is just going out with a with a bang.”

A rep for Corden did not immediately respond to PEOPLE’s request for comment.

Terence Patrick/ CBS

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Corden began hostingThe Late Late Showin 2015 after taking over forCraig Ferguson. In addition to the candid interviews with celebrity guests, the series also became known for many of its viral segments, including Carpool Karaoke, Spill Your Guts and Crosswalk Musical.

In a statement on Thursday, George Cheeks, the president and CEO of CBS, fondly recalled Corden’s time with the network and praised the English comedian as a “creative genius.”

“He has also been the consummate network showman, entertaining audiences from his nightly perch at Television City as well as the Tony and Grammy stage,” he continued. “In my two years at CBS, I’ve had the privilege to see James' creative genius up close and experience his valuable partnership with CBS, both as a performer and a producer. We wish he could stay longer, but we are very proud he made CBS his American home and that this partnership will extend one more season onThe Late Late Show.”

Cheeks and his fellow CBS chiefs attempted to keep Corden in his hosting gig longer, according to Deadline, offering him a three-year extension, a two-year extension and a rolling one-year deal.

However, Corden — whose has starred in films likeCatsandThe Prom, and partnered with Fulwell 73, the production company responsible forThe Kardashianson Hulu — said he has some other career ambitions in mind.

“There’s still some other things that I feel I want to do,” he told Deadline. “I’d like to try and write. There’s some [stories] I’d like to tell. I’d like to see if I’m capable of it. The fact that it’s terrifying is the reason to do it.”

Where Corden plans to achieve those career goals remains up in the air. He told Deadline that he and his family “genuinely don’t know” if they’ll leave California and return to the U.K.

“It’s something we think about and we talk about a lot but we haven’t really made a decision on that yet. That’s the life side of things which we’ll figure out,” he explained to the outlet. “I love living here. I love everything it’s given. My family and I have never taken this incredible adventure for granted. Every day I drive down Sunset to work and I just think I’m from High Wycombe.”

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“Congratulations, James, on what will be eight incredible years at CBS. 12:30 won’t be the same without you. But looking forward to your exciting adventures as the new Doctor Who!” hewrote.

The Late Late Show with James Cordenairs weeknights at 12:37/11:37c on CBS.

source: people.com