Gary Miller/Getty Images
Eric Renner Brown
July 08, 2016 AT 02:44 PM EDT

AC/DC bassist Cliff Williams has announced that he will retire from the iconic hard-rock group after the conclusion of their current tour. The Rock or Bust Tour wrapped a string of European dates in June and will continue in the U.S. in August and September.

Speaking to Gulfshore Life, Williams explained the weight of his decision. “It’s been what I’ve known for the past 40 years, but after this tour I’m backing off of touring and recording,” he said.

AC/DC has recently undergone multiple lineup changes. Founding rhythm guitarist Malcolm Young left the band in 2014 due to health problems, while drummer Phil Rudd became embroiled in a legal saga late that year that forced him out of the group. And in March, singer Brian Johnson — the voice on classics like “Back in Black” and “You Shook Me All Night Long” — bowed out of AC/DC’s tour due to a hearing condition. The band recruited Guns ‘N Roses singer Axl Rose to fill in for Johnson, who later clarified that he’s “not retiring.”

Williams, who joined the Aussie rock group in 1978, suggested that the personnel changes contributed to his retirement from AC/DC. “Losing Malcolm, the thing with Phil and now with Brian, it’s a changed animal,” he said. “I feel in my gut it’s the right thing.”

For more about Williams, head over to Gulfshore Life.

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