Shawn “Jay-Z” Carter announced on Monday that he will step down as president of Def Jam Records unit by the end of the year. Antonio ‘L.A.’ Reid,” chairman of Island Def Jam said:
Jay made it clear to us that he feels the time has come to take on different challenges in his life. While we regret his decision to move on, we certainly respect it,”
Rumors are now saying that Jermaine Dupri, Jimmy “Henchman” Rosemond ,Damon Dash ,Diddy, LL Cool J or Irv Gotti will become the new CEO/president of Def Jam.
