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Jed York: “Al (Guido) has taken the lead on the day-to-day business operations of the team.”

Here is Jed York’s memo to 49ers employees following the demotion of team president Paraag Marathe, courtesy of the 49ers’ P.R. department.

Good morning,

By now I am sure most of you have seen reports of some transition in our front office, and I apologize that we were unable to communicate with you directly prior to certain information reaching the media. Our original intent was to formalize the transition following the Super Bowl.

As many of you may have seen in recent months, Paraag and Al’s roles within the organization have been evolving.

In addition to his longstanding responsibilities in football operations as the team’s chief contract negotiator and head of our analytics department, Paraag has chosen to take a leadership role in the organization’s new ventures efforts.