After four decades with the Chicago Bears, team president and chief executive officer Ted Phillips has announced he will retire from his role at the conclusion of the 2022 season.

"I have been truly blessed with the honor of working for the Chicago Bears for 40 seasons and look forward to leading the team through the 2022 season," Phillips said in a statement released by the team Friday. "I appreciate the support of the McCaskey family and to be involved in overseeing this amazing growth of the Chicago Bears through the years, is a dream come true.