"We believe it is time for new leadership to elevate our team so we can consistently contend for championships," Giants chairman Greg Johnson said in a statement.
Posey will surround himself with experienced advisers - one of whom, manager Bob Melvin, is keeping his job even as Zaidi lost his.
Under Zaidi, the Giants had struck out on big-dollar pitches to Bryce Harper, Aaron Judge, Shohei Ohtani and Yoshinobu Yamamoto.
When the Giants' ownership group recently pushed to retain third baseman Matt Chapman, the Athletic reported that the man who essentially closed the $151-million deal was Posey, not Zaidi.
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