The Chicago Cubs announced Theo Epstein is stepping down as team president on Friday and will be succeeded by general manger Jed Hoyer.
Epstein spent nine years at the helm of the Cubs, spearheading a rebuilding effort that resulted in five postseason appearances and a World Series title in 2016.
While most expected Epstein, 46, to leave after his contract ended in 2021, the decision was made to retire now and give Hoyer the opportunity to revamp the roster, which is expected to undergo many changes.
“For the rest of my life, I will cherish having been part of the great Chicago Cubs organization during this historic period,” Epstein said in a statement.