By Lynette Rice and James Hibberd
Updated May 16, 2011 at 04:56 PM EDT
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The wait is over, Apprentice fans: The Donald has revealed what his plans are for the 2012 presidential election.

He won’t be one of the candidates!

“This will be the 12th season,” Donald Trump told advertisers at NBC’s presentation Monday. “I love Celebrity Apprentice. We’ve raised tens of millions. I’ve decided we are going to continue on with the Celebrity Apprentice. I will not be running for president.”

NBC Entertainment Chairman Robert Greenblatt told reporters on Sunday that he would replace Trump should he seek office. “It’s the right and privilege of anyone to run for the highest office of the land,” Greenblatt said. “Nothing would make me happier than for someone to reach that.

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