BOSTON -- Larry Lucchino will become as president and chief executive officer emeritus of the Boston Red Sox when he steps down next month.

The 70-year-old Lucchino announced in August he was giving up his jobs after the season, and Boston said chief operating officer Sam Kennedy will take over as president Oct. 16. Lucchino's new titles were announced Sunday before Boston's final home game this season.

Lucchino became team president in February 2002 when John Henry's ownership group bought the team. Under his term as team president, the Red Sox won World Series titles in 2004, `07 and `13.

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Boston said Lucchino will continue to participate in the team's strategic direction and Major League Baseball issues.