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Friday, Def Jam announced that their Chairman/CEO, Paul Rosenberg, was stepping down from his position. Rosenberg plans on focusing his attention on his management company, Goliath Artists, as well as launching Goliath Records; a joint venture with Universal Music Group.

According to Billboard, Rosenberg’s departure is totally his decision. Jeffery Harleston, UMG’s General Counsel and Executive Vice President of Business & Legal Affairs will serve as the interim CEO as UMG searches for Rosenberg’s replacement.

In a statement following his resignation, Rosenberg stated that “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. 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.”

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Rosenberg had been with Def Jam since 2017. Around that time, Eminem was dialing back on his activity. However, Em has dropped 3 albums in the last 2 years and started touring again.

Under his tenure at the label, he oversaw four number 1 albums including 2 from Logic (Bobby Tarantino II and Confessions of a Dangerous Mind) and 2 from Kanye West (Ye and Jesus Is King). He also oversaw hits from artists such as YG, Pusha T, 2 Chainz, Jeezy, and YK Osiris.