Diddy recently spoke to Ad Week about his big plans for the upcoming year. Apparently he has a major surprise in store, but being called President Combs isn’t one of them. Read some excerpts below.

Marisa Mendez

On his plans for 2012
I have huge plans for both. Twelve months ago, I basically relocated to L.A. I still live in New York, but I’m bi-coastal. I have some major announcements at the top of the year on things I’m producing—an announcement that’s bigger than anyone can realize on something I’m acquiring. And also, films that I’m starring in. I’m looking forward to 2012; it’s a huge transition for me out of music onto the big screen and continuing my legacy as a producer. You know, I’m one of the most successful African-American television executive producers in history. I’ve had six shows on the air at one time. I don’t say that in a braggadocio way. But you should definitely remember this conversation and look back at it and say, “I remember he told me he was going to make some huge announcements.

On whether he will ever run for President
I definitely won’t be running for president anytime soon. I do not think I would be able to pass the presidential scrutiny test.

Spotted: NB