Matt Damon has pulled out of the director's chair for what would have been his debut movie as a helmer, and been replaced by his Good Will Hunting shooter, Gus Van Sant, reports Deadline.com.

The untitled flick will also star the ridiculously likeable John Krasinski and centre on a sales executive who "arrives in a small town only to have his whole life called into question." Krasinski is set to play a rival executive. The budget is a reasonable sounding $15 million, and it's obviously a passion project for everyone involved - Damon had to step away from directing because he didn't have the time to develop it properly.

In fairness Van Sant is a pretty spectacular replacement director, and when he skates the commercial/indie ground he does some of his best work.