Derek Jeter abruptly announced on Monday that he is stepping down from his post as CEO of the Miami Marlins.
“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, via ESPN. “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.”
The longtime Yankees infielder was part of the ownership group that bought the Marlins in 2017. Despite winning five World Series as a player, Jeter’s success didn’t translate over to the business side of things, as the Marlins went 218-327 during his four-year tenure as CEO.
The team’s lackluster record doesn’t appear to be the main reason for Jeter’s surprising career move, however. Reports have surfaced that a divide grew between Jeter and Marlins’ majority owner Bruce Sherman and that Jeter’s stake in the team was supposed to grow over time but never did.
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