08/31/2015 09:29 EDT | Updated 08/31/2016 01:12 EDT

Blue Jays name Mark Shapiro as next president and CEO

TORONTO — Mark Shapiro is the next president of the Toronto Blue Jays.

The team says Shapiro will replace longtime president and CEO Paul Beeston at the end of this season.

Shapiro, 48, spent the past 24 years with the Cleveland Indians, the past five as club president.

Beeston has been with the franchise since its inception in 1976. The Jays announced in January that he would retire after this season.

Beyond a news release, the Blue Jays said Shapiro won't comment on his new job until he takes over.

Beeston said in a statement that he was "happy to pass him the baton," adding that he, general manager Alex Anthopoulos and the team have "a little more work to do."

The Blue Jays are in first place in the American League East, leading the New York Yankees by 1 1/2 games.

The Canadian Press