Michael Strahan will be stepping down from his role as co-host of Live! early, PEOPLE has learned exclusively.

“May 14 is his last show,” a source tells PEOPLE. “He’ll take the summer off and GMA can integrate him early before September, and this will give Live! more time to find the co-host. He’s totally fine that. Now he can enjoy his summer.”

The source confirms that ABC executives apologized to Strahan, 44, for putting him in a difficult position, after announcing his departure last week…READ MORE