Bill Neukom to retire as Giants' controlling owner

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SAN FRANCISCO (AP) -- Bill Neukom is retiring as the San Francisco Giants' controlling owner at the end of the year.

President Larry Baer will succeed him as chief executive officer.

The team said Wednesday it had been planning a transition for the bow-tie wearing Neukom from his decision-making job with the reigning World Series champions and he will step down in December.

Neukom, a former Microsoft lawyer who will become the Giants' chairman emeritus, took over as controlling owner from Peter Magowan in October 2008.

The San Jose Mercury News was first to report Neukom's departure.