Max HoleSanta Monica, October 21, 2015 – Universal Music Group (UMG), the world’s leading music company, announced today that Max Hole will be stepping down from his role as Chairman and Chief Executive of Universal Music Group International (UMGI), effective immediately.

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. As Max’s recovery continues, he and the company will discuss projects in which Max will have continuing involvement. Following Max’s departure, the company’s regional heads (for those regions outside the U.S.) will report directly to UMG Chairman and CEO, Lucian Grainge.

In making the announcement, Max said, “I have loved working at Universal, the best record company in the world. Lucian is an extraordinary person, both an exceptional creative and business executive for whom I have great affection. We have known each other for a very, very long time and I’m so glad we remain friends. I love so many of my colleagues around the world that there are too many to name, but I’d like to mention my close friends Boyd Muir, Richard Constant, David Joseph, Frank Briegmann, Pascal Nègre, George Ash, Jesus Lopez and Andrew Kronfeld. Finally, there are our incredible artists, some I have been close to and some I have watched and loved from a distance. I wish our artists and Universal a hugely successful future.”

Grainge said, “Max Hole is one of the most talented and accomplished executives to have ever worked in the music business, with an undying passion for music. He has been one of our industry’s most effective champions, opening new markets and creating opportunities for artists and fans everywhere. 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.”

Max joined UMGI in 1998 as Senior Vice President, Marketing and A&R. In 2004, he was promoted to Executive Vice President and subsequently added responsibility for Digital, Strategic Marketing and Commercial Affairs, as well as Asia Pacific and Nordic/Central/Eastern Europe. He was appointed COO of UMGI in 2010 and in 2013 was appointed Chairman and CEO of UMGI.

Max began his music industry career as an independent artist manager and record producer. In 1982, he joined Warner Music UK as A&R Manager, rising to Managing Director of WEA Records and, in 1990, founding Managing Director of East West Records. During his 16 years at the company, he was involved with such successful artists as Simply Red, Tori Amos, Pretenders, Sisters of Mercy, Chris Rea and the Corrs, among many others.

Max was recognized in the Queen’s 2015 Birthday Honours List and awarded Commander of the Most Excellent Order of the British Empire (CBE) for his service to the music industry.

ABOUT UNIVERSAL MUSIC GROUP

Universal Music Group is the global music leader, with wholly owned operations in 60 territories. Its businesses also include Universal Music Publishing Group, one of the industry’s premier music publishing operations worldwide.

Universal Music Group’s labels include A&M Records, Angel, Astralwerks, Blue Note Records, Capitol Christian Music Group, Capitol Records, Capitol Records Nashville, Caroline, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, EMI Records Nashville, Fonovisa, Geffen Records, Harvest, Interscope Records, Island Records, Machete Music, Manhattan, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Verve Music Group, Virgin Records, Virgin EMI Records, as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalogue of music in the industry, which includes the last 100 years of the world’s most popular artists and their recordings. UMG’s catalogue is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes Global Digital Business, its new media and technologies division and Bravado, its merchandising company.

Universal Music Group is a fully owned subsidiary of Vivendi.