Jeter Stepping Down as Marlins CEO, Shareholder


Jeter Stepping Down as Marlins CEO, Shareholder

The Marlins and CEO Derek Jeter parted ways on Monday morning. Both principal owner Bruce Sherman and Jeter released statements announcing the news. Jeter had been part of Sherman's ownership group that finalized a deal to purchase the Marlins in August 2017, with the sale completed in September of that year. Jeter owned a 4 percent stake in the franchise, overseeing day-to-day operations. "The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship," Sherman said in a statement. "The Marlins thank Derek for his many contributions and wish him luck in his future endeavors. "We have a deep bench of talent that will oversee both business and baseball decisions while we work to identify a new CEO to lead our franchise. The ownership group is committed to keep investing in the future of the franchise -- and we are determined to build a team that will return to the postseason and excite Marlins fans and the local community."
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