Jack Roush stated, "We feel that he (Stenhouse) is not only a key piece of our team's future, but a key piece piece of the future of the sport."
Roush added, "Of course I would like to thank Matt Kenseth for his many years of loyal service."
RFR general manager, Robbie Reiser, said, "Matt and I broke into this sport together, learned the ropes and were able to bring home a championship."
Stenhouse is one of three drivers in development for RFR with the other two being Trevor Bayne and Chris Buescher.
Team president Steve Newmark stated, "I'm excited about the opportunity to bring Ricky into the Sprint Cup Series and get him into victory lane. He has an incredible opportuntiy to continue his winning ways, just as Matt did nearly 15 years ago."
There has been no formal announcement as to where Kenseth will be driving in the 2013 season. Kenseth is currently the leader in the NASCAR Sprint Cup point standings.
Information and quotes courtesy of official press release from Roush Fenway Racing