On Sunday, Boston Red Sox team president and CEO Larry Lucchino announced via press release that he will be stepping down from those positions at the end of the season. Current executive vice president and COO Sam Kennedy is expected to take Lucchino’s position as team president, though he will have a lesser role in baseball activities than his predecessor.

Lucchino, 69, was part of the ownership group that purchased the Red Sox in 2002. Boston won the World Series two years later, and added two more titles in 2007 and 2013. He is also known for overseeing the renovation of historic Fenway Park and the acquisition of the Pawtucket Red Sox. He has had a less prominent influence on the team this season in part due to a serious motorcycle accident sustained over the winter.

In his statement, Lucchino stated:

“As far back as 2004, the year of our first world championship, I started to plan for the day when I would want to cut back a little, I even inserted a clause to that effect in my contract.

“Then, after the 2013 season, I had further conversations with John Henry, Tom Werner and Mike Gordon regarding a time in the future when I might transition to a new role and reduce my responsibilities. After all, it’s a wonderful job, but it’s a demanding job.

“I believe the end of this year is a good time for this change. We would have preferred to announce all of our transition plans at once, including my new role, but I can tell you we all feel strongly that Sam Kennedy, who has been with me for 20 years, should be the next president of the Boston Red Sox. Sam will do a terrific job. He is able, well-prepared, and fiercely dedicated to the Red Sox and to Boston.

“I have been blessed to have outstanding partners, and I plan to continue working with John, Tom, Mike, Sam, and all of our partners in meeting the challenges that lie ahead for the Red Sox. I am also deeply proud of our extraordinary front office. They work together harmoniously and effectively, and each member has my gratitude, admiration, and respect.

“I have now been president/CEO of the Red Sox for 14 years. I love the Red Sox, I love Fenway Park, and I love Boston. It’s my home. It’s never easy to leave a job you love, but I look forward to the next chapters.”

Red Sox Chairman Tom Werner seemed to indicate that the door is open for Lucchino to stay with the organization in a lesser capacity, stating “we are hopeful..…we will conclude an agreement with Larry going forward where he will continue to be an integral part of upper management.” He went on to talk about a possible advisory role for the senior member of the Red Sox front office.

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