Universal Music Group International chairman and CEO Max Hole will be stepping down from his roles, effective immediately.

In January, Hole contracted encephalitis and as a result 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 the exec's recovery continues, he and the company will discuss projects in which he will have continuing involvement.

Following Max’s departure, the company’s regional heads (for regions ...