Baalke extended to 2016 and Yu promoted to President

[Bracus]

Per @jedyork

 

[I_am_1z]

There was a time people had no faith in Baalke

Now he's the best executive in the league after just two years.

 

[FourBeeDen]

Yu named President and Co-owner

 

[ChrisPozz]

49ers Name Yu President & Co-Owner

Prior to his career in professional sports management, Yu was a high-technology executive, most notably as the Chief Financial Officer of both Facebook and YouTube. He has also worked at such companies as Yahoo!, Disney and Hilton.

Yu will be responsible for all business operations, while Trent Baalke, the team's General Manager, will continue to lead all football operations. Both Yu and Baalke will report to York.

 

[NinerSickness]

I wonder what share he has in the team? Probably a minority role?

 

[ChrisPozz]

Niners elevate Gideon Yu | ProFootballTalk

The “co-owner” title means either that Yu coughed up a chunk of his tech money to York, or that Yu has received a slice of equity as compensation for past or future services.