The first winner of "The Apprentice" has extended his contract with Donald Trump's company for another year.

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Bill Rancic's original contract with the Trump organization was due to expire April 15, but he signed on for another year of working on the construction of Trump Tower in Chicago, as well as developing other Trump properties in the United States and Mexico. He'll also assist George Ross and Carolyn Kepcher on the fourth installment of "The Apprentice," Zap2it.com reported Wednesday.

"Bill has done an incredible job in the past year working for me," Trump said.

"He's so talented that I thought he might want to go out on his own and make millions. We're lucky to have him back for another year."

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