Neil Meron and Craig Zadan

Veteran producers Craig Zadan and Neil Meron will be in charge of this year's Oscar ceremony, the Academy of Motion Picture Arts and Sciences announced Thursday.

Zadan and Meron, who executive-produce Smash and Drop Dead Diva, will produce the 85th Academy Awards, which will be broadcast on Sunday, Feb. 24 on ABC. The pair's big screen producing credits include Chicago, Footloose, The Bucket List and Hairspray, and they also helmed the recent Tony award-winning Broadway revivals of How to Succeed in Business Without Really Trying and Promises, Promises.

Academy sets 2013 Oscars date

"We hope to utilize our experience in producing features, TV and theater to bring something fresh and special to this incredible awards show," Zadan and Meron said in a joint statement. "When we filmed The Bucket List, we made our own personal bucket list, and producing the Oscars was #1. It's truly a great honor."