SAN DIEGO (AP) - Jeff Moorad has stepped down as the CEO of the San Diego Padres.
The club said Thursday that Moorad will remain as the franchise's vice chairman and will be responsible for overseeing the Padres' involvement in the development of Fox Sports San Diego.
Padres COO and President Tom Garfinkel will assume the CEO duties in the interim.
Earlier this month, Moorad withdrew his application to baseball to finalize his purchase of the club in order to focus on getting MLB's approval for the team's new TV deal with Fox. Moorad owns 49 percent of the Padres.
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The rival Koreas agreed Wednesday to form their first unified Olympic team and have their athletes parade together for the first time in 11 years during the opening ceremony of next month's Winter Olympics in South Korea, officials said.