Jay Pharoah (right) will play Obama on ”SNL.” (Stephen Lovekin/GETTY IMAGES)

And the show will have a new President Obama when it returns this weekend, with Seth MacFarlane hosting.

For the past few months, Sudeikis — who handles the roles of GOP presidential nominee Romney and Vice President Biden on the late-night show — told anyone who would listen that he wasn’t sure he would be returning. The show already had lost vets Kristen Wiig and Andy Samberg in recent months, along with Abby Elliott.

“SNL” launches its 38th season Saturday. And the first of the show’s prime-time election specials is slated for next Thursday.

Jason Sudeikis. (Stephen Lovekin/GETTY IMAGES)

Meanwhile, Jay Pharoah will be playing President Obama during the rest of the election cycle. Pharoah is replacing Fred Armisen, who has played Obama on the sketch comedy show, to the chagrin of some who had thought the show should have cast a black comic in the role.

But Pharoah has been working on his Obama impression over the summer, “SNL” exec producer Lorne Michaels told the New York Times Wednesday, and he feels that Pharoah, an “SNL” regular since 2010, is good enough to take the role on the show.

New cast members Aidy Bryant, TIm Robinson and Cecily Strong (Second City/Second City)