Def Jam’s CEO Paul Rosenberg has stepped down after two years of service. He took to Instagram to share the news on Friday (Feb. 21).
“Lucian offered me a dream opportunity to serve at the helm of Def Jam. The experience I had running one of the greatest, most storied record companies of the modern era was incredible,” he wrote. “I will remain forever grateful. I’ve learned a great deal, but one of the most important things I learned is that my ability to multi-task is not without limits.”
“My new relationship with UMG gives me the ability to continue to sign and develop talent in a more focused and streamlined way, while still dedicating the time necessary to fulfill my management duties and foster the many entrepreneurial endeavors connected with Eminem,” he added in his statement.
Rosenberg will still very much work with Def Jam in a consultant capacity, not just as CEO. He will reportedly a new role as head of a new joint venture with Universal Music Group (UMG); Goliath Records.
He will maintain his role as the head of the management company that serves Eminem and as president of Shady Records.