Friday, May 24, 2024

Marlins’ CEO Derek Jeter steps down after five seasons

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By Anthony Caruso III | Publisher

The Miami Marlins need a new CEO to lead its team. Derek Jeter, the legendary baseball player, has stepped down from his role.

Jeter had held the role for five seasons. However, differences of opinion, led Jeter to step down.

Derek Jeter (Getty Images)

“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,” Jeter said in a statement. “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.”

Jeter was part of the group that purchased the team in 2017. He had a 4% stake in the team.

“On behalf of Major League Baseball, I thank Derek for his service to the Marlins, the communities of Miami and the game,” MLB Commissioner Rob Manfred said in a statement. “Derek is a winner on and off the field. 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.

“Derek is a pillar of our game and we look forward to his future contributions to Baseball.”

At this time, it is not clear what his next role will be whether it is inside of baseball or in another business venture.

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Anthony Caruso III
Anthony Caruso III
Anthony Caruso III is the Publisher of The Capital Sports Report. He has been in the Journalism field since August 2002. Since that time, Mr. Caruso has covered many marquee events. This includes 13 Heisman Trophy ceremonies, 2 Little World Series events, and one Army-Navy College Football game.
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