The 60-year-old star took over hosting responsibilities back in 2001 - the year Ridley Scott's "Gladiator" won - and became a much-loved fixture of the UK awards ceremony. He had a break from hosting duties between 2007-11.
"Every one of the twelve BAFTA film award ceremonies that I had the privilege of hosting has a place in my memory. The mixture of glamour, glory, drama and - occasionally - embarrassment and hiccup holds a unique place in the British film calendar. Over the last two decades I have especially loved watching the emergence of new young film talent behind and in front of the camera.
BAFTA thanked him for making the awards "such memorable and joyous occasions". A replacement will be announced on Tuesday, when this year's nominees are revealed.
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