12:13 PM ET
ESPN News Services
CHICAGO — Theo Epstein, who transformed the long-suffering Chicago Cubs and helped bring home a drought-busting championship in 2016, is stepping down after nine seasons as the club’s president of baseball operations.
The team announced Tuesday that Epstein is leaving the organization, and general manager Jed Hoyer is being promoted to take his place.
Epstein said after the season he anticipated remaining on the job for at least one more year, with his contract set to expire in 2021. He had said repeatedly he thinks executives have about a 10-year shelf life in a job, and next year would have marked a decade since he left the Boston Red Sox for Chicago.
Team Years Span Cubs 107 1909-2015 White Sox 87 1918-2004 Red Sox 85 1919-2003 Twins/Senators 62 1925-1986 — ESPN Stats & Information
On Tuesday, however, Epstein said it became apparent this past summer “for a number of reasons” that it was time to move on.
“It became really clear that we’d be facing some significant long-term decisions this winter, decisions with long-term impacts,” Epstein said. “Those types of decisions are really best made by somebody who’s going to be