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March 17, 2011 at 03:32 PM EDT

After seven years of cultivating the careers of Island Def Jam superstars like Rihanna, Kanye West, and Justin Bieber, Island Def Jam Chairman L.A. Reid resigned this morning. In a letter to his staff, Reid explains that he’s “always thrived on growth and the next great challenge, and I look forward with much enthusiasm to what the future holds.” This seemingly sets the table for the record executive to join Simon Cowell as a judge on the new singing competition series The X Factor.

Read L.A.’s full letter to his staff after the jump.

To my Island Def Jam family:

After much consideration, I have decided to leave my position as

Chairman of the Island Def Jam Music Group.

I have always thrived on growth and the next great challenge, and I

look forward with much enthusiasm to what the future holds.

I am extremely proud of our beautiful roster and all we have

accomplished in my seven years with IDJ.  We continue to have

incredible success together with today’s most phenomenal superstars —

Rihanna, Justin Bieber, Mariah Carey, Kanye West, Bon Jovi, Jennifer

Lopez, Ne-Yo, Rick Ross, The Killers, The-Dream, Chrisette Michele,

Jeezy and Ludacris to name a few.

I want to thank all of you for your amazing contributions.

With Warm Regards —

LA

What do you think Reid’s next move will be?

Read more:

L.A. Reid: A Day in the Life of a Music Mogul

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