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'I will miss my family at the show': Giuliana Rancic announces she is leaving E! News after more than a decade

Published: 00:41 EST, 9 July 2015 | Updated: 18:54 EST, 9 July 2015

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It's been a tough year for Giuliana Rancic, after the drama surrounding the Oscars Fashion Police episode.

And on Wednesday the 40-year-old star announced she would be lightening her load a bit, by stepping down from her role as host of E! News on August 10.

'For more than a decade, I was fortunate enough to play a role in the success of E! News and will miss my family at the show,' she said in a statement released by the network.

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Next chapter: Giuliana Rancic has announced she will be stepping down as the host of E! News August 10, in order to pursue other endeavors, such as her executive producer position on Oxygen series Rich in Faith

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Giuliana - who will remain a co-host of Fashion Police and Live from the Red Carpet - continued: 'At the same time, I am excited to not only continue as host of two major franchises on E! but also executive produce the aspirational new show Rich in Faith for Oxygen as well as take my wine and clothing lines to the next level.'

'This is such a thrilling time for me and I thank the gang at E! for understanding my desire to embark on this next chapter in my life.'

The announcement comes a few months after the TV personality was accused of making a racist comment about Zendaya Coleman's hair at the Oscars, which later prompted a spat with co-host Kelly Osbourne, who then quit Fashion Police.

Giuliana Rancic makes weed comment about Zendaya's dreadlocks

'Thrilling time' The TV personality said she needed to step down from the E! series to so she could 'take her wine and clothing lines to the next level' (pictured: Xo, G Wine by Giuliana)

Giuliana had said that Zendaya's hair looked as though it 'smelt of patchouli oil or weed' on the Oscars special episode and Kelly later threatened to quit the show after a wave of controversy ensued.

Following the joke, Zendaya said that the comments were 'not only a large stereotype but outrageously offensive,' and Kelly demanded that an apology be made to the star, who is also a personal friend.

Giuliana issued an apology on Twitter, writing, 'I'm sorry I offended you and others. I was referring to a bohemian chic look. Had nothing to do with race and NEVER would!!!'

She followed up with an on-air apology the next day, which Zendaya accepted.

Despite the apology, Kelly quit the show, with Joan Rivers' replacement Kathy Griffin next to exit, which caused many to speculate that show might get pulled. But in April Giuliana confirmed she would be back in September with Brad Goreski.

E! then announced in June that Melissa Rivers would join Giuliana and Brad as a co-host, stepping into a role once held by her late mother Joan Rivers.

'I think more than ever, [Fashion Police] is definitely coming back, because [the controversy] shows that a lot of people were watching the show and enjoyed the show,' Giuliana said in April. 'So yeah, it's coming back in September, in time for the Emmys.'

Giuliana Rancic opens up about the Fashion Police incident

Better days: It's been a tough year for Giuliana, as she became embroiled in controversy following comments made during the Oscars episode of Fashion Police, which prompted co-hosts Kathy Griffin (L) and Kelly Osbourne (R) to quit (center: Brad Goreski and Giuliana)

Giuliana Rancic apologizes for her comments on Zendaya's hair

The star also suffered a devastating personal loss when she and husband Bill Rancic learned in January that their surrogate had miscarried their last remaining embryo, as told to People.

She also told the publication in April that the couple were planning on moving to Chicago full-time for the sake of their three-year-old son Duke.

The couple had previously commuted back and forth from husband Bill's hometown to New York City for work and to do their reality show Giuliana and Bill.

However, Giuliana told the publication: 'Up until now, Duke's been on our schedule. But he starts school at the end of summer and we want him to have a connection with schoolmates and not be going from city to city.'

Giuliana will host her last episode of E! News on August 10.

Focusing on family: Giuliana also recently told People that she wanted to move to Chicago full-time - instead of commuting back and forth to New York - so that three-year-old son Duke could have a 'connection with schoolmates'

Giuliana Rancic interviews Kelly Clarkson back in 2003