MINNEAPOLIS -- Twins executive chairman Jim Pohlad is stepping away from day-to-day leadership of the team and will transition that responsibility to his nephew, Joe Pohlad, he announced in a letter to club employees on Monday.

Joe Pohlad is the new executive chairman of the Twins, effective immediately, and club president and CEO Dave St. Peter and president of baseball operations Derek Falvey will report directly to him. Jim Pohlad "will remain involved in Twins and Major League Baseball business as the control owner," according to the letter.

"Please join me in congratulating Joe on this well-deserved promotion," Jim Pohlad wrote. "As a member of the Twins' front office for the past 15 years, Joe has grown as a leader while building impactful relationships across the organization. As we look to the future, our family is highly confident in Joe’s ability to push the franchise forward in meaningful ways."

With this move, day-to-day leadership of the Twins will pass to a third generation of Pohlads, who have maintained primary ownership since Carl Pohlad bought the team from Calvin Griffith in 1984. Jim Pohlad, one of his sons, assumed control of day-to-day operations upon the death of his father in 2009. Joe is the son of Bob Pohlad, one of Jim's brothers, who sits on the executive board of the Twins.

Joe Pohlad most recently served as the Twins' executive vice president of brand strategy and growth, a title he has held since 2018. He has overseen efforts in brand marketing, content production, gameday experience and innovation, and took the leadership role in the organization's recent brand refresh, unveiled earlier this month. He has been part of the Twins' organization since '07.

"Over the years, our family has prioritized strong and stable stewardship of this franchise," Jim Pohlad wrote in the letter. "We view owning the Twins as a multi-generational holding for our family and one we take great pride in being responsible for on behalf of our employees and fans. We will continue our focus to ensure effective and impactful leadership of this organization for many years to come."

The 2023 season will mark the 40th season in which the Pohlad family will own the Twins. The team and other organizations under the Pohlad Companies and Pohlad Family Foundation have maintained strong ties with and support for the local community, including, most recently, a $25 million commitment in 2020 to advance racial justice solutions in the Twin Cities.