Arnold Schwarzenegger will be the new CEO and host of “The Celebrity Apprentice,” replacing the fired Donald Trump, NBC announced Monday.

The Donald was gracious on Twitter:
Congrats to my friend @Schwarzenegger who is doing next season’s Celebrity Apprentice. He’ll be great & will raise lots of $ for charity.
— Donald J. Trump (@realDonaldTrump) September 14, 2015
“We are thrilled to be opening a powerful new chapter in the story of the Apprentice franchise,” said Paul Telegdy, president of Alternative and Late Night Programming for NBC Entertainment.
“Arnold Schwarzenegger is the epitome of a global brand in entertainment and business, and his accomplishments in the political arena speak for themselves. It was Arnold’s personal passion for the format that Mark Burnett and Donald Trump built over the last decade, as well as his fresh take on how to take it to new heights for today’s audiences, that made him the man to hire. The Celebrity Apprentice … will be back!”
In a statement, the 68-year-old Schwarzenegger said: “I have always been a huge fan of ‘The Celebrity Apprentice’ and the way it showcases the challenges and triumphs of business and teamwork. I am thrilled to bring my experience to the boardroom and to continue to raise millions for charity. Let’s get started!”
Executive producer Mark Burnett said: “After leaving the show to run for political office, Donald made it clear that he wanted ‘The Celebrity Apprentice’ to be able to continue to raise millions of dollars annually for worthy causes, and now NBC and I have found an amazing new leader to do just that. Gov. Schwarzenegger will use his vast and highly successful business, political and media experience to drive this hit franchise to new heights.”
Arnold Schwarzenegger is hosting The Apprentice?! I guess the new catchphrase will be “I’ll be back”. #Funnytobetrue
— Stuart Brewer (@StuBrw) September 14, 2015
Is Donald Trump sad that an immigrant took his job? http://t.co/xeGrUCMXEe (Has everyone made that joke already?)
— Karol Markowicz (@karol) September 14, 2015
