LA Premiere of "Terminator Genisys" - Red CarpetDonald Trump is out and Arnold Schwarzenegger is in as the new host of "The Celebrity Apprentice." Instead of "You're fired," maybe the catchphrase will now be "Hasta la vista" or "You're terminated" or "I'll be back ... but YOU won't." The possibilities are nearly endless.

NBC announced the hiring news on Monday, with no details on who might replace Trump's ever-present family members in the boardroom. (Will they stay?) Instead, The Powers That Be just shared statements (via Entertainment Weekly) with excitement about a Trump-free future.

Arnold Schwarzenegger: "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!"

Mark Burnett: "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."

Paul Telegdy, President, Alternative and Late Night Programming, NBC Entertainment: "We are thrilled to be opening a powerful new chapter in the story of the Apprentice franchise. 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!"

As EW noted, the show will return for the 2016-2017 season with Ahhhhnold as "CEO."

What do you think, is this good news? Trump might actually get jealous...

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