CBS News political director John Dickerson will replace the retiring Bob Schieffer as moderator of "Face the Nation."
Schieffer made the announcement on Sunday's show. Dickerson's first broadcast as host will come this summer.
Schieffer noted that Dickerson "sure has the right bloodlines" for the assignment. Dickerson's mother, Nancy, was the first female correspondent in the CBS News Washington bureau.
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John Dickerson to replace Bob Schieffer on CBS' 'Face the Nation'
'Face the Nation' anchor Bob Schieffer speaks during a memorial service for CBS newsman Walter Cronkite at the Lincoln Center in New York on September 9, 2009. Walter Cronkite died on July 17, 2009 at age 92. AFP PHOTO/Jim WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
Television journalist Bob Schieffer poses at the premiere of new television series 'Madam Secretary' in Washington on September 18, 2014. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
NASHVILLE, TN - MAY 02: (EXCLUSIVE COVERAGE) Journalist Bob Schieffer speaks at the funeral service for George Jones at The Grand Ole Opry on May 2, 2013 in Nashville, Tennessee. Jones passed away on April 26, 2013 at the age of 81. (Photo by Rick Diamond/Getty Images for Nancy Jones)
US President Barack Obama and Republican Presidential candidate Mitt Romney participate in the third and final presidential debate, moderated by Bob Schieffer (C) of CBS, at Lynn University in Boca Raton, Florida, October 22, 2012. The showdown focusing on foreign policy is being held in the crucial toss-up state of Florida just 15 days before the election and promises to be among the most watched 90 minutes of the entire 2012 campaign. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
BOCA RATON, FL - OCTOBER 22: U.S. President Barack Obama (L) debates with Republican presidential candidate Mitt Romney as moderator Bob Schieffer (C) of CBS looks on at the Keith C. and Elaine Johnson Wold Performing Arts Center at Lynn University on October 22, 2012 in Boca Raton, Florida. The focus for the final presidential debate before Election Day on November 6 is foreign policy. (Photo by Michael Reynolds-Pool/Getty Images)
HEMPSTEAD, NY - OCTOBER 15: Democratic presidential nominee U.S. Sen. Barack Obama (D-IL) (C) shakes hands with moderator Bob Schieffer of CBS (R) as Republican presidental nominee Sen. John McCain (R-AZ) looks on at the end of the third presidential debate in the David S. Mack Sports and Exhibition Complex at Hofstra University October 15, 2008 in Hempstead, New York. This is the final debate before voters will go to the polls in the 2008 general election on November 4. (Photo by Mario Tama/Getty Images)
NEW YORK - MARCH 16: (U.S. TABS AND HOLLYWOOD REPORTER OUT) CBS News Correspondent Bob Schieffer and CBS News Anchor Dan Rather attend the International Radio And Television Society Foundation's 2004 Gold Medal Dinner honoring the broadcast network news anchors at the Waldorf-Astoria Hotel March 16, 2004 in New York City. (Photo by Evan Agostini/Getty Images)
Debate moderator Bob Schieffer gestures before the start of the third and final presidential debate in Tempe, Ariz., Wednesday, Oct. 13, 2004. (AP Photo/Kevork Djansezian)
Democratic presidential candidate Sen. John Kerry, D-Mass., answers a question as President Bush listens during the third and final presidential debate in Tempe, Ariz., Wednesday, Oct. 13, 2004. The moderator is Bob Schieffer of CBS News. (AP Photo/Ron Edmonds)
FILE - In this July 23, 2009 file photo, CBS newsman Bob Schieffer, right,arrives for Walter Cronkite's funeral at St. Bartholomew's Church on Park Ave. in New York. Beneath Schieffer's Southern charm is the tough spine of someone used to dealing with politicians. The moderator of Monday's final presidential debate will need it, because it has been open season on the other journalists who have done that job this campaign. Thanks to a bitter campaign rivalry, thriving partisan media outlets and the growth of social media, debate moderator is approaching baseball umpire on the scale of thankless jobs. (AP Photo/Kathy Willens)
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Schieffer -; the 78-year-old chief Washington correspondent of CBS News -; announced Wednesday that he would be leaving the job early this summer. Schieffer has been with CBS News since 1969.
John Dickerson says he's "honored and excited" by the new job.