Jim Wyatt broke the news a few minutes ago that Tommy Smith is stepping down as President and CEO of the Titans. Here is Wyatt's series of tweets:
Smith wants to spend his focus on Adams Resources and Energy, he said. #Titans— Jim Wyatt (@jwyattsports) March 20, 2015
Steve Underwood will work on an interim basis to oversee operations and search for a new president, Smith said #Titans— Jim Wyatt (@jwyattsports) March 20, 2015
Tommy Smith: "It's a personal decision for me. I will be 64 in a few weeks and I want to spend my energy where it's needed most" #Titans— Jim Wyatt (@jwyattsports) March 20, 2015
Tommy Smith on the organization: "We are good shape. We have good people. I think the future is bright for the team." #Titans— Jim Wyatt (@jwyattsports) March 20, 2015
Smith reiterated #Titans not for sale. He said he's just too busy doing both jobs. Will hire president & CEO to oversee things in Nashville— Jim Wyatt (@jwyattsports) March 20, 2015
"Everyone is proud of our ownership position," Smith said. "I think our team is headed in the right direction." #Titans— Jim Wyatt (@jwyattsports) March 20, 2015
I haven't taken the time to run through NFL team presidents in history, but Smith's tenure has to be one of the worst of all time. He was in charge for one full year and the team went 2-14.
As Wyatt said above, Smith said again that the team isn't for sale, but I wouldn't take that bet to the bank.
Hopefully whoever they hire will be based in Nashville. This team has had absentee ownership/leadership for too long. They need someone in the building on a daily basis to really oversee how things are going.
Statement from the Titans organization:“We want to thank Tommy for his dedication to the club and his efforts to improve the organization. Now looking forward, we are motivated to add a top-flight executive to lead the franchise. We believe that adding someone to the structure in Nashville will be beneficial. Lastly, we want to thank Steve Underwood for rejoining us during this interim period and know that he will integrate smoothly until we find the right person permanently for the job.”
Statement from Steve Underwoood:
I am honored to return to Nashville to help the organization during this search period. I have a great deal of respect for the family and look forward to aiding the team during this time