On Sunday, the former Secretary of State appeared as a panelist on Face the Nation with anchor Bob Schieffer, who announced the news.
"Everybody knows that Condoleezza Rice was President Bush's Secretary of State, but I'm very pleased to announce that she has a new job as of today," Schieffer said. "She is joining CBS News as a contributor, we're honored to have you making your first appearance on CBS here on Face the Nation."
Rice currently holds the position of professor of Political Science at Stanford University.
As a CBS contributor "the former Secretary of State will use her insight and vast experience to explore issues facing America at home and abroad," the network said in a statement.
Watch the Face the Nation announcement below: