The Post-Gazette reports that, contrary to what Ken Rosenthal wrote a couple hours ago, Frank Coonelly has not yet been named the Pirates' CEO. He may, however, be just one of two candidates, along with Chuck Greenberg, who owns the Altoona Curve and the State College Spikes.
My guess (and it's just a guess) is that both the P-G and Rosenthal are right - it may not be official yet, but Coonelly's going to be named the president. Rosenthal is usually right about these things.