Joel and Ethan Coen will be co-presidents of the panel of film-makers and actors who will judge the contenders in the main competition.
“We are very happy to be coming back to Cannes,” the American brothers were quoted as saying in the organisers’ statement, which was in French.
The two directors added they were “especially happy at the opportunity being given to us to see films from around the entire world”.
They stressed that Cannes “has always played an important role for us”, since the beginning of their careers.
“Being presidents of the jury this year is even more of an honour in that we’ve never been presidents of anything before.”
It is the first time the Cannes jury will be jointly headed by two people.
But the Coens are used to collaborating closely, having shared directing and writing duties on all of their films over the past three decades.
The siblings are also Cannes veterans, having presented seven of their 16 features at the French Riviera showcase event.
They picked up the festival’s top Palme d’Or prize for Barton Fink in 1991, its runner-up Grand Jury Prize for Inside Llewyn Davis in 2013, and its best director award for Fargo (1996) and The Man Who Wasn’t There (2001).
The other members of the jury have not been announced yet. The festival will run from 13-24 May.