from San Francisco Chronicle
New York -- Jay-Z, who has professed retirement from his rap career, now has a new job to occupy his time: president of the Def Jam record label.
The appointment, rumored for months, was announced Wednesday by Antonio "L.A." Reid, the chairman of Island Def Jam Music Group.
The multiplatinum rapper -- whose work on the "The Black Album" was nominated for three Grammys -- will take the helm Jan. 3. He will also continue to run Roc-A-Fella Records, which he co-founded with Damon Dash in 1995.
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