Derek Jeter has sold his stake in the Miami Marlins and stepped down as the team¡¯s chief executive officer, the Major League Baseball club announced on Monday.
Jeter, who won five World Series titles during a celebrated Hall of Fame career as a player with the New York Yankees, obtained a 4% interest in the team in 2017 and oversaw day-to-day operations.
¡°The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship,¡± Marlins chairman Bruce Sherman, who heads up the ownership group, said in a statement on MLB.com. ¡°The Marlins thank Derek for his many contributions and wish him luck in his future endeavours.
¡°We have a deep bench of talent that will oversee both business and baseball decisions while we work to identify a new CEO to lead our franchise.¡±
In a statement, Jeter indicated that his reason for leaving was because he was unhappy in the direction the team was taking.
¡°We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality,¡± Jeter said. ¡°Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.
¡°That said, the vision for the future of the franchise is different than the one I signed up to lead,¡± he said, adding, ¡°Now is the right time for me to step aside as a new season begins.¡±
Jeter did not provide details about the team¡¯s plans with which he disagreed.
The Marlins finished in fourth place in the National League East division last year. The team made the postseason once during Jeter¡¯s tenure, a wild card spot in 2020.
MLB commissioner Rob Manfred praised Jeter for his work with the Marlins that included the hiring of Kim Ng as the first female general manager.
¡°Derek is a winner on and off the field,¡± said Manfred in a statement. ¡°In addition to his valuable contributions as a front office executive, Derek was a highly respected voice on our Diversity and Competition Committees.
¡°He helped build a talented front office with the Marlins, including moving the game forward by hiring women in top roles in the club¡¯s baseball operations and executive leadership, and a foundation that has positioned the Marlins for long-term success,¡± Manfred said. ¡°Derek is a pillar of our game and we look forward to his future contributions to Baseball.¡±
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