HOUSTON (CBS Houston) – After 18 months on the job, Houston Astros President and CEO George Postolos has resigned. Postolos, who took on the role in November 2011, previously worked with owner Jim Crane for seven years to acquire a sports franchise. He was instrumental in Crane’s purchase of the Astros, marketing and rebranding the team. According to a press release issued by the Astros, Postolos will return to his consulting practice advising investors on acquisitions and strategy in major sports.
“We appreciate George’s hard work in the acquisition of the Astros and his commitment to the organization.” Crane said in a team statement. “I’d also like to personally thank him for the assistance that he has provided to me over the last several years and wish him the best of luck in the future.”
Astros GM Jeff Luhnow appeared on SportsRadio 610’s MaD Radio shortly after the announcement and said the team did not have a replacement in mind but would let Crane take the lead on the search for a new president.
“We’re still processing everything here. I’m sorry to see George go. I worked with him for the last year and a half. He was involved in hiring me and he did a lot of good things while he was here. Why people decide to change their careers, it’s really a lot of reasons involved in that and you really, probably would have to ask him.”
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