Elizabeth Vargas to Leave '20/20' & ABC News After Two Decades

Elizabeth Vargas is leaving ABC News after two decades.

The television journalist, who has been an anchor at 20/20 for 14 years, announced on Friday (December 22) that she will leave ABC News at the end of its 40th season in May to pursue new ventures.

Elizabeth was the second woman in history to serve as the co-anchor of 20/20, following Barbara Walters.

“It has been a profound privilege to be the anchor of 20/20 for 14 years, and a true honor to work with each and every one of you. I am incredibly lucky to work alongside the very best in the business: the producers, editors, writers on this show, and the enormous team working every week to get our show on the air. I am so very proud of the stories we have told together. I am sorry only to have to share this news with you as we celebrate the holidays. I had hoped to make this announcement after the first of the year. This is not goodbye – I will be here through May, and cannot wait to do more work with all you in the months ahead,” she wrote in an email to ABC staffers.