In the immediate aftermath of a second consecutive fourth-place finish, the Twins opted to cut ties with manager Rocco Baldelli.

Months later, in December, while announcing the identities of the team’s new minority owners, the Twins replaced executive chair Joe Pohlad with his older brother, Tom.

On Friday, the Twins announced the most surprising change to their leadership structure this offseason, agreeing to “mutually” part ways with president of baseball and business operations Derek Falvey.

“Ownership transitions naturally create moments for reflection and honest dialogue about leadership, vision and how an organization wants to move forward,” Falvey said in a statement. “Over the past several weeks, we had those conversations openly and constructively and ultimately reached a shared understanding that this was the right step for both the organization and for me personally.”

Falvey was hired as the team’s chief baseball officer in October 2016 and was named president of baseball operations in 2019. Last March, he took over as president of baseball and business operations after longtime team president Dave St. Peter stepped aside.

Under Falvey, the Twins won three American League Central division titles and reached the playoffs in 2017, 2019, 2020 and 2023. But after that 2023 season, ownership cut payroll dramatically in response to its growing debt, and the Twins suffered a late-season collapse in 2024 and floundered in 2025, leading to a massive trade deadline sell-off.

“His leadership was transformational. He helped modernize every aspect of our baseball operations and led with strong values, intention, and purpose,” Tom Pohlad said in a statement. “Derek created a culture grounded in learning and in the belief that organizations grow when people grow. … We are grateful for his dedication, his integrity, and the impact he made here.”

General manager Jeremy Zoll will lead the baseball department and the Twins will begin a search for a president of business operations immediately. Both will report to Pohlad, who will lead business operations in the interim.

“I’ve been incredibly fortunate to spend this chapter of my career with the Minnesota Twins. This organization, the people inside it and Twins Territory have meant a great deal to me and my family,” Falvey said. “I’m grateful for the experiences I’ve had here and excited about the next chapter when the time is right.”

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