Lew Wolff is stepping down as managing partner of the Oakland Athletics, the team announced Thursday.
John Fisher will replace Wolff as managing partner as Wolff transitions to chairman emeritus.
MLB owners approved the transition at a meeting in Chicago Monday morning. Wolff and Fisher have also agreed to Wolff selling his interest in the Athletics to the remaining owners of the team while retaining a small stake in the club moving forward.
“I want to thank Lew for his leadership over the last 11 years,” Fisher said. “His initiative and love of the game of baseball brought my family to the A’s, and we would not be involved without him. Lew has given the organization all of his energy and experience for the last 11 years and I look forward to a new chapter in our working relationship and friendship. It is a privilege for me to steward the A’s at this important moment for the franchise.”
Wolff and Fisher, along with a limited partnership group, purchased the Athletics on April 1, 2005, and have been partners in various activities and companies since 1994.