Exciting news for Arnold Schwarzenegger!

The 68-year-old actor has been named the new host of The Celebrity Apprentice, NBC announced on Monday, Sept. 14 via the reality show's official Twitter account. Arnold will replace the program's original host, Donald Trump, 69, who appeared on the series from 2004 until 2015.

"I have always been a huge fan of The Celebrity Apprentice and the way it showcases the challenges and triumphs of business and teamwork," Arnold said in an official statement. "I am thrilled to bring my experience to the boardroom and to continue to raise millions for charity. Let's get started!"

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He then took to Twitter to thank his fans for their excitement over his new TV gig. "Wow. I'm blown away and honored by all your tweets. I can't wait to bring my experience to the board room & raise millions for charity," he wrote.

Donald — who announced his candidacy for president in the 2016 election earlier this summer — similarly posted his well wishes for Arnold on Twitter this afternoon. "Congrats to my friend @Schwarzenegger who is doing next season’s Celebrity Apprentice. He'll be great & will raise lots of $ for charity," he wrote.