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Brian Grazer will replace Brett Ratner as the producer of the 2012 Academy Awards. He is best known for his Oscar-winning production of A Beautiful Mind.

Academy of Motion Picture Arts and Sciences President Tom Sherak released a statement yesterday, “Brian Grazer is a renowned filmmaker who over the past 25 years has produced a diverse and extraordinary body of work. He will certainly bring his tremendous talent, creativity and relationships to the Oscars.”

Brian will work with events producer and director Don Mischer on the mega project.

Grazer had words of praise for his new working partner, “It’s very gratifying to be part of a show that honors excellence in the medium to which I have devoted so much of my career. Don is a legend, and I am excited to work with him.”

Eddie Murphy stepped down yesterday as host the 2012 Oscars. His decision was seen as a show of support for Ratner, who quit the project under duress after uttering a gay slur during a Q & A session.

Ironically, Grazer and Ratner worked together producing and directing Tower Heist, Murphy’s latest project. The film is in theaters now.

Photo Credit: WENN