SANTA CLARA -- Paraag Marathe's 13-year ascension up the 49ers' front-office ranks has earned him the latest promotion to the title of team president, a role previously held by Gideon Yu.
Yu, who was instrumental in helping the 49ers' secure funding for the new Levi's Stadium, will remain a minority owner in the club. He served as the president since buying a stake in the 49ers two years ago.
"Thanks to @JedYork for entrusting me to complete your stadium project," Yu tweeted to CEO Jed York. "Looking fwd to many more years together as 49ers' co-owners!"
Also, the 49ers announced that Marathe's former role as chief operating officer will be filled by Al Guido, who previously was Senior Vice President of Global Sales for Legends and also worked prominently in the new stadium's development.
"As we move closer to the opening of Levi's Stadium, our organization will continue to grow and evolve," York said in a statement. "Gideon, Paraag and Al have been instrumental in making the new stadium a reality, and I couldn't be more excited about the future of our management team and the 49ers organization."
Marathe served the past three years as the 49ers' chief operating officer, supervising such aspects as business operations, production, marketing, ticketing and suites, and stadium operations. He's also served as the club's chief negotiator on player contracts and salary-cap management, while also ushering football analytics into their grand scheme.
Marathe is a Saratoga native who earned his bachelor's degree from Cal's Haas School of Business before earning his MBA from Stanford.
"Paraag and Al have developed a tremendous working relationship and I am deeply confident in their leadership," York stated.
General manager Trent Baalke will continue to oversee the 49ers' football-personnel side.