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OTRC: Arnold Schwarzenegger and Maria Shriver announce separation

Actor and former California Gov. Arnold Schwarzenegger and Maria Shriver, a former NBC correspondent, have separated after 25 years of marriage, the two announced on Monday in a statement.

"This has been a time of great personal and professional transition for each of us," Schwarzenegger and Shriver said according to the statement obtained by OnTheRedCarpet.com. "After a great deal of thought, reflection, discussion, and prayer, we came to this decision together. At this time, we are living apart, while we work on the future of our relationship."

"We are continuing to parent our four children together," the statement continued. "They are the light and the center of both of our lives. We consider this a private matter, and neither we nor any of our friends or family will have further comment."

The statement ended with, "We ask for compassion and respect from the media and the public."

The couple wed on April 26, 1986. They have four children together, Katherine, 21, Christina, 19, Patrick, 17 and Christopher, 13.

Schwarzenegger is best known for his roles in the "Terminator" franchise and "Kindergarten Cop." He finished his 7-year run as governor of California in January.

Shriver, 55, a member of the Kennedy political dynasty, left her job as an NBC reporter when Schwarzenegger took office. Shriver's father, former vice-presidential candidate Sargent Shriver, died in January at the age of 95. Her mother, Eunice Kennedy Shriver, died in 2009 at the age of 88.

It was recently announced that Schwarzenegger will star in a drama called "Cry Macho."

In the film, which will be produced by Albert Ruddy of "The Godfather" and "Million Dollar Baby," Schwarzenegger will play a down-on-his-luck horse trainer who is hired to kidnap his boss' young son.

The 63-year-old has several projects in the works, including a "Terminator" tale, the crime saga "The Last Stand" and a new animated series called "The Governator," which was his nickname when he was the governor of California from 2003 to 2010.

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