As detailed by Deadline, Pace will star as Joe MacMillan, a superstar salesman at IBM during its prime of technological development in the 1980s.
The series is being developed by Breaking Bad's executive producer Mark Johnson, so this could potentially be a big advancement for Pace, who's had no shortage of past success in the TV industry.
Pace previously starred in the popular television series Pushing Daisies before turning his career more fully to film and the stage.
Lee Pace is the latest in a string of Twilight stars landing central recurring roles in television. Billy Burke (Charlie Swan in the Saga) and J.D. Pardo (Nahuel in Breaking Dawn - Part 2) currently star in the NBC series Revolution, and Valorie Curry (Charlotte in Part 2) also plays a major role in Fox's The Following. Cameron Bright (Alec) stars in the Canadian television series Motive, hitting U.S. screens this summer via ABC, and Cam Gigandet (James in Twilight) has just been announced to star in a new CBS legal drama called Reckless, the pilot for which will be directed by none other than Twilight director Catherine Hardwicke herself.