Our sympathies go out to Universal Music Group International (UMGI) boss Max Hole, who is stepping down from the role due to illness.
“In January, Max contracted encephalitis, as a result of which he has suffered some memory loss. While he is making progress towards a recovery, a full resumption of his responsibilities is not possible at this time,” explained Universal in a statement yesterday.
“As Max’s recovery continues, he and the company will discuss projects in which Max will have continuing involvement.”
Hole is not being directly replaced for now: instead, UMG’s regional chiefs outside the US will report directly to chairman and CEO Lucian Grainge.
“Max’s contributions to Universal will be forever a part of the fabric of this company and our industry, and he leaves with our deepest gratitude and respect,” said Grainge.