Derek Jeter Steps Down as Miami Marlins CEO

Derek Jeter
Spread the love

Derek Jeter Out as Miami Marlins CEO

Monday morning Miami Marlins CEO Derek Jeter announced his resignation from the organization. The Hall of Famer became CEO of the Marlins five years ago when he and members of his ownership purchased the team in 2017. The split from the organization appears to have been over Jeter and the Marlins having different views for the long term. 

“The vision or the future of the franchise is different than the one I signed up to lead,” Jeter said. “Now is the time for me to step aside as the new season begins.” Two notable accomplishments of Derek Jeter’s tenure are the hiring Kim Ng as MLB’s first female general manager and bringing the Marlins to the playoffs for the first time since 2003. Ultimately, he left the organization better than he found it. 

Derek Jeter has also relinquished his stake in team ownership. He provided a four percent ownership stake as part of the group that paid $1.2 billion to purchase the Marlins in 2017. The group is led by New York wealth management executive Bruce Sherman. In regard to the split, Sherman said “We have a deep bench of talent that will oversee both baseball and business decisions while we work to identify a new CEO to lead our franchise. Our ownership group is committed to keep investing in the future of the franchise.” 

It is uncertain what the 47-year-old will do next, but the resignation came as a shock to players and fans within the baseball community.

Main Photo:
Embed from Getty Images