MUMBAI: Within hours of Brett Ratner‘s announcement that he was stepping down as producer of this year‘s Oscar, Academy President Tom Sherak announced that Raner would be succeeded by super-producer Brian Grazer.

Grazer has incidentally produced The Nutty Professor, Nutty Professor II: The Klumps but unlike Ratner, Grazer is of Oscar-caliber having won the Best Picture award in 2002 for A Beautiful Mind.

Grazer showed his appreciation for his appointment when he said, "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."

The inside job aspects of Grazer replacing Ratner is clear, as both recently co-produced Tower Heist.

It may be known that Eddie Murphy, who recently stepped down as the Oscar host, was in good terms with Grazer.