"Since 2012, we have known that it would be a natural transition for Sam to succeed Larry when he was ready to relinquish the reins. Tom and I feel fortunate that there is an obvious and strong successor within our organization."
"Larry has put his heart and soul into the club," said Red Sox Chairman Tom Werner. "His leadership has been pivotal in taking one of baseball's crown jewels to new heights on and off the field. He is the most talented baseball executive I have ever known. I am pleased he will remain with the organization and that we can count on his wisdom as we tackle strategic issues facing the Red Sox and Major League Baseball.
"I have known and worked with Sam for nearly 20 years. We have marveled at his growth and development as one of the top young executives in the sports industry. We could not be happier to entrust him with this position and look forward to working with him on the day-to-day operation of the club."
During Lucchino's tenure, the Red Sox have won three World Series championships, invested over $300 million to renovate Fenway Park, and established the Major League Baseball record for consecutive sellouts. In addition, the Red Sox Foundation, created in 2002, has set new standards in Major League Baseball and in New England sports philanthropy, contributing more than $77 million to charities and the award-winning programs it operates.
"It's time for me to take a step back," Lucchino said. "I have been fortunate to work in baseball for over 36 years. These 14 years with the Red Sox have been the pinnacle. I love this team, I love this ballpark, I love this city, and I intend to remain active with the club and in the community.
"Sam is the ideal person to now lead the Red Sox forward. I hired him in San Diego nearly 20 years ago, and it was evident from the beginning that he was a rising star. His passion for baseball, his business acumen, his extraordinary and positive energy, and his ability to develop relationships have been constants throughout his career. He has a legion of admirers, and I am at the top of that list. All of us have long anticipated this succession. Sam will take over knowing he has the full support of our entire partnership."
Kennedy, a Brookline High (1991) and Trinity College (1995) graduate, was one of the first employees that the new ownership group brought in prior to the 2002 season. Before joining the Red Sox, Kennedy worked for Lucchino beginning in 1996 at the San Diego Padres, where Lucchino was President and CEO.
"I understand what a privilege it is to work for the Boston Red Sox having grown up just a mile from Fenway Park," Kennedy said. "I fully embrace the responsibility that comes with this opportunity.
"The leadership team and culture created over the last 14 years provide us with a tremendous foundation. Larry has been an amazing mentor, and I am grateful to John, Tom, Mike Gordon, and all of the Fenway Sports Group partners. They are fully aligned in providing the resources necessary to support a world class organization."