March 25 (Bloomberg) -- Dale Petroskey stepped down as president of the National Baseball Hall of Fame after the museum's executive committee found his financial and business decisions weren't in the best interests of the organization.

Petroskey had been at baseball's Hall of Fame in Cooperstown, New York, since July 1999.

The Hall's board of directors accepted Petroskey's resignation because he ``failed to exercise proper fiduciary responsibility,'' the executive committee said in a statement without elaborating.

Jeff Idelson will replace Petroskey as acting president after spending the past nine years as the Hall of Fame's vice president of communications and education.

To contact the reporter on this story: Erik Matuszewski in New York at matuszewski@bloomberg.net

Last Updated: March 25, 2008 18:50 EDT