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Closing Bell

Padres’ Garfinkel Resigns As President & CEO After Four Years

Padres President & CEO Tom Garfinkel resigned today after more than four years on the job. Garfinkel, who previously held positions with Chip Ganassi Racing, Texaco and Miller Brewing, followed former Padres Vice Chair Jeff Moorad to the club from the D'Backs in '09. Garfinkel then remained with the Padres following the departure of Moorad early last year and for 11 months after the arrival of a new ownership group led by Ron Fowler and Peter Seidler. Fowler will assume Garfinkel's responsibilities on an interim basis while a replacement is sought. Garfinkel had been among the point figures on the club's high-profile impasse with Time Warner Cable to carry FS San Diego.

Multiple industry sources pointed to an ideological divide on the direction of the club between Garfinkel and ownership, but the move arrives without acrimony. Garfinkel in an e-mail wrote, "My time at the Padres has been incredible. I thank them for the opportunity and wish them nothing but the best in the future." Garfinkel said he has not determined his future career path, and will take some time off before deciding.

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