Shocking news out of Miami.
New York Yankees Hall of Famer Derek Jeter announced Monday that he has stepped down as the CEO of the Miami Marlins.
Jeter, 47, purchased the Marlins as part of an ownership group with Bruce Sherman in September of 2017, with Jeter receiving a four percent stake and being named CEO.
Jeter released the following statement:
“Today I am announcing that the Miami Marlins and I are officially ending our relationship and I will no longer serve as CEO nor as a shareholder in the Club. 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. 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. Now is the right time for me to step aside as a new season begins.
My family and I would like to thank our incredible staff, Marlins fans, Marlins players and the greater Miami community for welcoming us with open arms and making us feel at home. The organization is stronger today than it was five years ago, and I am thankful and grateful to have been a part of this team.”