The search for a CEO of BAMTech, the Disney-backed technology services and video streaming spin-off of MLB Advanced Media (MLBAM), is underway.
An MLBAM official confirmed a report from Bloomberg that Bob Bowman will step back his day-to-day running of BAMTech as he returns full time to his position as president of business and media at Major League Baseball, where he oversees MLBAM, MLB Network, and the league’s sponsorship and consumer product businesses. Bloomberg said Bowman will remain on the BAMTech board.
The official added that it’s always been part of the plan for BAMTech, a $3.5 billion company, to have its own dedicated CEO and management team.
MLBAM also confirmed that it has retained search firm Egon Zehnder lead the pursuit of a new CEO. MLBAM is overseeing the process with help from The Walt Disney company, which recently inked a deal to acquire 33% of BAMTech, with an option to acquire a majority stake in the coming years.