Chicago Fire team president Julian Posada will step down at the end of the year, team owner Andrew Hauptman announced on Wednesday. Rather than hire a new president, Posada's roles will be absorbed by chief operating officer Atul Khosla and president of team operations Javier Leon.
Posada has been the president of the Fire since Sept. 10, 2010 and will remain a consultant to the team in 2013 according to Hauptman. Posada was the fourth president in Fire franchise history. His most significant achievement was getting Quaker Oats as a jersey sponsor for the 2012 season; the team had no jersey sponsor in 2011.
The Fire finished the 2012 season in fourth place in the Eastern Conference with 57 points and lost to the Houston Dynamo in the MLS playoffs on Oct. 31. Chicago will begin its 2013 season against the defending champion Los Angeles Galaxy on March 3 in L.A.