MLB

Derek Jeter stepping down as Miami Marlins' CEO, shareholder

Summarized by: Live Sports Direct
 
Derek Jeter stepping down as Miami Marlins' CEO, shareholder

Derek Jeter has stepped down as CEO of the Miami Marlins. He was given a 4% stake in the team by Bruce Sherman. Jeters and Sherman had differences over the size of his ownership share and the financial commitment to the roster. Kim Ng will run baseball operations and COO Caroline O'Connor will manage day-to-day business operations. Gary Denbo, the vice president of player development and scouting, might leave the organization. The team is looking for a new CEO. The deadline for Major League Baseball's collective bargaining agreement is December 1.

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