Jens-Otto Paludan will leave his post as managing director of Universal Music Denmark on Nov. 16, the executive said today. A replacement has yet to be named.

Paludan says he will also step-down as chairman of the IFPI's Danish arm. The labels trade body says a successor will be elected as soon as possible.

Vico Antippas, UMGI president of Nordic, Central & Eastern Europe, will take overall responsibility for the management of the Universal affiliate until a successor is hired. In the meantime, Universal Denmark GM Kjeld Stefansen will be responsible for the company's day-to-day operations.

Paludan, 44, took over as MD of the newly-started MCA office in Denmark in 1997. Following the merger of Polygram and Universal, he became MD of the enlarged company.

"I will take a breather after 13 non-stop years in one of the most exciting, but also turbulent, industries there is," he says. "But I believe with all the experience I have logged during my career can be used in some other capacity, and I look forward to new challenges."

While at the helm of Universal Denmark, Paludan guided kitsch pop phenomenon Aqua, which sold 27 million records worldwide, according to the label, and later percussion/dance act Safri Duo.

Universal held a 22.7% share of the Danish market in 2006, according to the IFPI, and has a 27.7% share in the year to Nov. 1.