Derek Jeter steps down as Miami Marlins CEO, sells stake in the team


Derek Jeter, together with Bruce Sherman, maintain their first press convention as Miami Marlins house owners on Tuesday, Oct. 3, 2017.

Miami Herald | Tribune News Service | Getty Images

Derek Jeter has introduced he is stepping down as chief govt of the Miami Marlins and promoting his stake in the Major League Baseball franchise.

Jeter, the New York Yankees icon, took over the team’s prime C-suite function in 2017.

“We had a imaginative and prescient 5 years in the past to show the Marlins franchise round, and as CEO, I’ve been proud to place my identify and status on the line to make our plan a actuality,” Jeter stated in assertion. “Through arduous work, belief and accountability, we remodeled each facet of the franchise, reshaping the workforce, and growing a long-term strategic plan for fulfillment.”

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