Comedian's exit follows the departure of the event's producer Brett Ratner

Eddie Murphy has quit as host of the 2012 Oscar ceremony.

The comedian’s departure from the forthcoming Academy Awards event in LA comes just hours after Brett Ratner resigned as producer over his recent ‘gay slur’ controversy, reports ABC News.

Murphy said in a statement:

First and foremost I want to say that I completely understand and support each party’s decision with regard to a change of producers for this year’s Academy Awards ceremony.

He added: “I was truly looking forward to being a part of the show that our production team and writers were just starting to develop, but I’m sure that the new production team and host will do an equally great job.”

Murphy and Ratner recently worked together on the movie Tower Heist. During a Q&A session for his film, Ratner said that he did not believe in rehearsals because they are “for f***s”.

Following widespread criticism and a dressing down from the Gay and Lesbian Alliance Against Defamation (GLAAD), he stepped down earlier today (November 9).

Academy of Motion Picture Arts and Sciences (AMPAS) president Tom Sherak said in response to Murphy’s withdrawal: “I appreciate how Eddie feels about losing his creative partner, Brett Ratner, and we all wish him well.”