Jeff Moorad Steps Down as Padres CEO

Posted: 9:43 pm, March 22, 2012 by Brandon Cline

Just moments ago, reported on on MLB Trade Rumors, the Padres have announced that Jeff Moorad will step down as the team’s CEO. You will recall that Moorad withdrew his application to obtain majority control over the team in order to expedite the completion of the new TV agreement earlier this month. Team president and COO, Tom Garfinkel, will assume the CEO duties while Jeff Moorad will assume the vice-chairman role and work on the relationship between the new Fox Sports San Diego and the Padres.

Dan Hayes of the North County Times was told by a club source that Tom Garfinkel has basically been running the club so this shouldn’t bring fears of more instability to Padres fans.