The guitarist stepped down from the band in 2014

AC/DC founding member Malcom Young has died after suffering from dementia. The 64 year old rhythm guitarist, who founded the legendary rock band with his brother Angus, passed away earlier today (Sat, Nov 18th), at 64, according to the band.

“Today it is with deep heartfelt sadness that AC/DC has to announce the passing of Malcolm Young,” the band writes.

“With enormous dedication and commitment he was the driving force behind the band.

“As a guitarist, songwriter and visionary he was a perfectionist and a unique man.

“He always stuck to his guns and did and said exactly what he wanted.

“He took great pride in all that he endeavored.

“His loyalty to the fans was unsurpassed.

“As his brother it is hard to express in words what he has meant to me during my life, the bond we had was unique and very special.

“He leaves behind an enormous legacy that will live on forever.

“Malcolm, job well done.”

The guitarist stepped down in 2014 due to a “dilapidating illness” and was replaced by his nephew Stevie. The group released Rock Or Bust, it’s first ever project without Young, later that year.

The Australian group was formed in 1973 in Sydney. They have sold more than 200 million albums worldwide and became members of the Rock and Roll Hall of Fame in 2003.