Giuliana Rancic, the University of Maryland grad and "E! News" anchor who found herself in hot water earlier this year after criticizing a celebrity's dreadlocks, is leaving her lead position on the show, the network has announced.

Rancic, who joined E! News as a correspondent in 2002, will be leaving her anchor position as of Aug. 10, according to a story posted Wednesday night on Eonline.com. She will continue as co-host of two shows on the cable channel, "Live From the Red Carpet" and "Fashion Police."

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The University of Maryland alum said she would also continue working on other projects outside of E!

"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," Rancic told E! Online. "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."

On a February episode of "Fashion Police," Rancic said of Disney star Zendaya Coleman's hair on the Oscars red carpet, ""I feel like she smells like patchouli oil ... or maybe weed." Co-host Kelly Osbourne took to Twitter to slam Rancic's remarks, and quit the show a few days later.

Rancic apologized for her remarks via Twitter shortly after making them and, the next day, on "E! News."

Adam Stotsky, E! general manager and president of Esquire Network, told E! Online, "while we will miss seeing (Rancic) on set every day, we are delighted to continue to work with her."

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