Coronation of King Charles III to take place in May

London (CNN)- The coronation of King Charles III will take place on May 6 next year at Westminster Abbey in London, Buckingham Palace announced Tuesday.

The service will be a more modern affair than previous royal coronations and will “look towards the future,” the palace said in a statement. It added that the occasion will still be “rooted in longstanding traditions and pageantry.”

The Archbishop of Canterbury Justin Welby will conduct the ceremony, which will see Charles crowned alongside his wife Camilla, the Queen Consort.

During the event, the King will be “anointed, blessed and consecrated” by the Archbishop of Canterbury – a role which has conducted most royal coronations since 1066, according to the statement.

The palace added: “The Ceremony has retained a similar structure for over a thousand years, and next year’s Coronation is expected to include the same core elements while recognising the spirit of our times.”

Charles, 73, became Britain’s monarch last month following the death of his mother, Queen Elizabeth II.

Days after her death, Charles was formally confirmed as the new King of the United Kingdom in a ceremony at St. James’ Palace.