Derek Jeter is stepping away from his role as CEO of the Miami Marlins after four seasons with the team.
“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,” the former New York Yankees star said in a statement on Monday.
“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 bought the Marlins in August 2017 for $1.2bn. The 47-year-old owned 4% of the franchise and oversaw baseball operations at the club.
The Marlins reached the playoffs in the pandemic shortened 2020 season, but that was the only year they had a winning record during Jeter’s time at the club. In total they have only had one winning season since 2010 and are regularly at the bottom of MLB’s home attendance rankings.
All the Marlins baseball ops people were hastily called to a Zoom meetng where Bruce Sherman broke the news on Derek Jeter's departure. There's a strong feeling through the organization that Kim Ng has significant authority, building on the respect she has built on every level.
— Peter Gammons (@pgammo) February 28, 2022
It is believed Kim Ng, the only female general manager in MLB, will now assume many of Jeter’s responsibilities.
Jeter was elected to the baseball hall of fame in 2020 after a sparkling career with the Yankees, during which he won five World Series and was named an All-Star 15 times.
