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Jeff Cogen Accepts New Position with Rays, Henry Promoted to CEO

Cigarran said the transition of moving Henry into the CEO role was part of the management plan since hiring both of them in 2010. When the duo were hired, it was understood that Cogen would step aside in June 2016.

"We are ahead of schedule," Cogen said. "We had a five-year plan, but we are ahead of schedule. When the call came (from Tampa), I went to Tom (Cigarran) and talked about the opportunity with the Rays. There was no guarantee that the same opportunity would be available next June.

"I found a perfect fit with the Rays," Cogen said.