Jeff Moorad has stepped down as the Padres' CEO, the team announced. President and COO Tom Garfinkel will assume CEO duties on an interim basis, while Moorad will stay on as vice chairman and oversee the Padres' relationship with FOX Sports San Diego.
Moorad recently dropped his application to become the controlling partner of the Padres. He had two years remaining to complete his purchase of the team, but he appeared to be having trouble winning over MLB owners and obtaining their support. In the meantime, John Moores still owns the club.
One club source told Dan Hayes of the North County Times (via Twitter) that Garfinkel has been running club all along and the move doesn't hurt the club in terms of stability or strength.