Derek cited philosophical differences with the MLB Club.

Derek Jetter announced on Monday that he will be resigning from his position of the Chief Executive Officer of the Miami Marlins. He will also be giving away his shareholder position in the club.

As for the reason for this resignation, Derek said that the current vision of the franchise and aims for the future are different now than what he signed up for.

Derek on His Resignation

Derek released a statement along with his resignation where he said: “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.”

He claimed the major reason for his resignation was the difference in the visions where he said: “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.”

In his statement, Derek also thanked the staff of the Marlins, the players in it, as well as the Miami community. He also pointed out that the organization is stronger today than it was five years ago.

Derek’s Contribution

As a part of Bruce Sherman-led group, Derek joined the Marlins as a minority owner in the year 2017. After Derek became CEO, the Marlins finished at 63-98, 57-105, and 67-95 in full seasons. In all, the Marlins went 218-327 in all four seasons under Derek’s leadership.

In his resignation statement, Derek reminisced about his past experiences where he said: “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.”

The Reaction

After his resignation, CBS Sports shared a statement from Bruce Sherman that said: “The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship. The Marlins thank Derek for his many contributions and wish him luck in his future endeavors.”

Rob Manfred, Jr., the commissioner of MLB also paid gratitude and said: “On behalf of Major League Baseball, I thank Derek for his service to the Marlins, the communities of Miami, and the game. Derek is a winner on and off the field. Derek is a pillar of our game and we look forward to his future contributions to Baseball”

Derek was the first and only black CEO in baseball and is also a Hall of Famer.