The chief executive at a video-streaming firm owned by Major League Baseball and The Walt Disney Co. will step down from his job running the company. Bloomberg reports that Bob Bowman, who is stepping down from his role at BAMTech, will remain with Major League Baseball, where he oversees the subsidiary Advanced Media.
The report cites unnamed sources who are familiar with the situation.
“Bowman created BAMTech, grew it into a $3.5 billion business and continued to run it after it was spun off last year,” the story reports, noting that Bowman reportedly made the decision to step down.
“He will remain on the board, and there’s no specific date for a leadership changeover,” Bloomberg notes. “Bowman declined to comment through an MLB Advanced Media spokesman.”
BAMTech said the search firm Egon Zehnder has been retained to find a replacement for Bowman.