SBD/Closing Bell

George Postolos Resigns Position As Astros President & CEO

Astros President & CEO George Postolos today announced he is leaving the club, 18 months after being named to the position and seven years after first aligning with Owner Jim Crane on his pursuit of a team. Postolos led a series of sweeping organizational changes, including new uniforms and complete rebranding, as well as a restructuring of the baseball operations and sales staffs. He also had been the club's point person on stalled distribution negotiations for Comcast SportsNet Houston. Postolos will return to the sports consulting practice he ran before joining the Astros. Postolos said, "The organization is in great shape. ... I'm convinced that Jim is firmly on the right track." The club said there are no immediate plans or timetable toward naming a successor (Eric Fisher, Staff Writer).

The Houston Chronicle's Jose de Jesus Ortiz in a series of tweets wrote, “Hate to say it, but Jim Crane needs to take advantage of the positive news that George Postolos has stepped down as Astros prez … Postolos regime treated baseball as though it were basketball, got rid of a lot of institutional knowledge and it has bit them badly … Covered baseball since 97 from L.A. to Tampa Bay to NY to Houston, and Postolos biz ops probably had biggest disconnect to baseball fans” (TWITTER.com, 5/13).
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