In a shocking development, Derek Jeter announced he was stepping down as CEO and shareholder of the Miami Marlins on Monday morning.
In a statement, Jeter claimed the franchise’s “vision” was different than the one he was signing up for when he took over the organization five years ago.
“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,” Jeter said in a statement. “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.”
Marlins owner Bruce Sherman statement on Jeter departure: pic.twitter.com/q0frzXbY0I
— Jon Heyman (@JonHeyman) February 28, 2022
Derek Jeter took over as the Yankees CEO after purchasing 4% of the team in October of 2017.
During his tenure, Miami made one postseason appearance — which came in the COVID-shortened 2020 season when they were able to win one playoff series before being ousted by the Braves in the NLDS.
The former shortstop was inducted to the Hall of Fame during his first season of eligibility in 2020 after spending the entirety of his 20-year career with the Yankees.
It’s unclear what the future holds for Derek Jeter.
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