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Malcolm Young Retires From AC/DC For Health Reasons

SYDNEY, Australia (CelebrityAccess) — The Sydney Morning Herald is reporting that AC/DC co-founder, guitarist and songwriter, Malcolm Young has been moved into a nursing home facility specializing in treating patients with dementia.

In April, the band announced that Young was taking a hiatus from touring with the group while he addressed health issues and this week, it was announced that he was retiring from the band with his illness cited as the reason for his exit.

"Unfortunately, due to the nature of Malcolm's condition, he will not be returning to the band," a statement from the band said. "AC/DC will undertake a world tour in support of 'Rock or Bust' in 2015. Stevie Young, nephew of founding members Angus and Malcolm Young, plays rhythm guitar on 'Rock or Bust' and will accompany the band on tour."

Stevie Young has already been in the studio with AC/DC, recording on their new album "Rock or Bust," which is set for release in December. The first single from the album "Play Ball," will make its debut Saturday during the TBS postseason baseball campaign. – Staff Writers