Craig previously played Bond in "Casino Royale" and "Quantum of Solace."
"American Beauty" filmmaker Sam Mendes -- who directed Craig in "Road to Perdition" in 2002 -- is to direct what will be the 23rd installment in the Bond franchise.
Details of the production were announced Tuesday by Michael G. Wilson and Barbara Broccoli of EON Productions, together with Gary Barber and Roger Birnbaum, co-chairmen and chief executive officers of Metro-Goldwyn-Mayer Inc.
The as-yet-untitled movie is set for release Nov. 9, 2012.
Notable deaths of 2014 [PHOTOS]