San Diego Padres President and CEO Tom Garfinkel has resigned after four years with the team.
Garfinkel had been team president since April 2009 and promoted to chief executive officer in 2012. He stayed with the Padres after Ron Fowler and Peter Seidler bought the franchise from John Moores last August for $800 million. Fowler, the executive chairman, will take on Garfinkel's responsibilities until the team secures a new president and CEO.
"Both Fowler and Seidler expressed their appreciation for Tom's many contributions to the Padres over the last four years," the team said in a statement.
MLB.com, citing a source, said Garfinkel left as part of the shift to the new ownership, and there were no hard feelings.
"I want to thank the Padres and the fans for the opportunity to be a small part of this incredible franchise and America's Finest City," Garfinkel wrote in an e-mail Tuesday to media outlets. "I have a lot of faith in the people in this organization and that great things are on the horizon."
Garfinkel told MLB.com that he doesn't have any current job offers. His contributions to the Padres include helping to increase the team's season-ticket base, and landing a 20-year television deal worth $1.2 billion with Fox Sports San Diego.