NBC has just announced that Arnold Schwarzenegger will replace Donald Trump as the 'Celebrity Apprentice' host on the upcoming season.

Schwarzenegger admits he's always been a fan of the show, and is excited to come on board.

"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!"

No release date has been announced for the show quite yet.

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