The Rolling Stones announced on Friday that their long term business manager, Prince Rupert Loewenstein, would no longer handle their day to day affairs, but that he would maintain some contact with the band.
The statement said: "Prince Rupert Loewenstein is no longer taking care of the Rolling Stones day to day business but is currently retained on some aspects of their career".
Loewenstein worked for more than forty years with the Stones. There has been no word on who will replace him, though Billboard have cited sources close to the band who say he will not be replaced, with the tasks he performed taken over by other existing representatives of the band.