AllHipHop.com has received an exclusive report that Atlanta-based producer Jermaine Dupri‘s tenure as President of Island Records Urban Music has come to an end. A formal announcement of his departure from the position, which he has held for nearly two years, may come as early as Thursday (Jan 8).

Speaking on condition of anonymity, a source close to the situation confirmed to AllHipHop.com that Dupri has in fact been terminated effective immediately.

Get more details on this developing story at Allhiphop.com.