Derek Jeter is stepping down as CEO of the Miami Marlins, he announced Monday.
“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 won the right in August 2017 to buy the Marlins, a $1.2 billion deal that became official about two months later. Jeter had a 4% stake in the purchase, coming on board as the CEO and overseeing baseball operations.
Though the team made the postseason in the pandemic-shortened 2020 season, the Marlins have the worst record in the National League in the four seasons that Jeter was the team’s CEO.
Information from The Associated Press was used in this report.