Universal Music Group International CEO Max Hole steps down
Max Hole, chairman and CEO of Universal Music Group International, is stepping down from his role due to medical reasons. In a statement, Vivendi’s Universal Music Group revealed that Max had contracted encephalitis while traveling in India, and as a result, has suffered from memory loss. Though he is on track for a speedy recovery, Hole is unable to perform his duties as chairman and CEO at this time.
Encephalitis is defined as an inflammation of the brain. Company regional heads outside the United States will now report directly to UMG chairman and CEO Lucian Grainge. About the departing chairman, Grainge stated, “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.”
Mr. Hole came to UMGI in 1998 as a Senior VP in Marketing and A&R. Six years later, he was promoted to Executive VP, taking on responsibilities for digital, strategic marketing, and commercial affairs. Additionally, he took on leadership for Asia Pacific and Nordic/Central/Eastern Europe. A subsequent six years following, in 2010, Mr. Hole was appointed COO of UMGI, and chairman and CEO in 2013.