Report: Larry Lucchino stepping down as president and CEO of the Red Sox

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Dan Shaughnessy of The Boston Globe reports that Larry Lucchino is stepping down as president and CEO of the Red Sox. Michael Silverman of The Boston Herald reports that executive vice president and COO Sam Kennedy, 42, will take over for Lucchino by the end of the year. Kennedy isn’t expected to contribute to baseball operations.

The contract of Lucchino, 69, was set to expire at the end of the season. Red Sox chairman Tom Werner would like Lucchino to remain involved with the organization in an executive level:

“We are hopeful and confident that we will conclude an agreement with Larry going forward where he will continue to be an integral part of upper management,” Werner said today. “He will have less of an everyday role but he will continue to have an important strategic role not just with the Red Sox but also within Major League Baseball.”

Lucchino was involved in a serious motorcycle accident over the winter, which likely played a role in the front office shakeup. He’s been with the Red Sox since February of 2002.