Well that's a surprise! NBC just announced that Arnold Schwarzenegger will be replacing Donald Trump as the new host of the Celebrity Apprentice.

The 68-year-old former governor is set to take over in the board room for the upcoming 2016 to 2017 season.

“We are thrilled to be opening a powerful new chapter in the story of the ‘Apprentice’ franchise,” NBC Entertainment President Paul Telegdy said.

In addition the network exec said, “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!”

Watch out D-list celebs -- you're about to get TERMINATED!

Schwarzenegger was enlisted by the network after Trump made disparaging comments about Mexican immigrants this summer. Despite getting axed from the show he started in 2008, the 68-year-old continues his bid for the 2016 presidency.