Royal Shakespeare Company founder Peter Hall dies at 86

Sir Peter Hall at the South Bank Sky Arts Awards 2012 at the Dorchester London on May 1, 2012. (WENN)

British theater mogul Sir Peter Hall has died at age 86.

Hall passed away on Monday at University College Hospital in London, surrounded by his family, the National Theatre has announced. He had been diagnosed with dementia in 2011.

Hall is best known for founding the Royal Shakespeare Company and being the former director of the National Theatre.

"The National Theatre is deeply saddened to announce the death of its former Director, Sir Peter Hall, one of the great names in British theatre," they wrote on their website.

The theatre's lights will be dimmed on Tuesday evening on London's South Bank to remember his contribution to the company.

His career highlights include staging the English-language premiere of Samuel Beckett's "Waiting for Godot" and the world premiere of Harold Pinter's "Homecoming."

He is survived by his wife, Nicki, and children Christopher, Jennifer, Edward, Lucy, Emma, his actress daughter Rebecca of Frost/Nixon fame, and nine grandchildren.