Rancic announced her exit this afternoon in an Instagram post, adding that she has signed a development deal with NBC Universal. Her decision comes a year and a half after announcing she was leaving E! News and three months after Ryan Seacrest announced his E! Live from the Red Carpet exit. "After 20 fabulous years hosting E!'s red carpet, I have decided to step out of my red carpet heels into a new pair of shoes," Rancic wrote. "One of my passions is great storytelling and I am thrilled to announce a new development deal with E!'s parent company NBCUniversal where I will be producing and bringing stories to life. To my E! family, thank you for allowing me to make my red carpet dreams come true for the past two decades. It has truly been a highlight of my career and life. To my production team throughout the years, you are all simply the best. We have made some beautiful memories together that I will always carry with me. And to all the viewers, all around the world, thank you for watching and supporting me as we went along together on this red carpet ride. I love and appreciate you all and I sure hope you will join me as I enter this exciting new chapter."