The Green Bay Packers operate differently than the NFL’s 31 other teams. They are the only community-owned, nonprofit professional sports team in the United States.
What that means is they don’t have a billionaire owner who calls the shots when it comes to the team making critical football and business decisions. Over the years, they have stock sales where fans of the team and anyone at all can become a part owner of the franchise in exchange for a few hundred dollars.
However, there obviously still needs to be someone in charge in the front office, and that person is the team president and CEO, a role that has been held by Mark Murphy since 2007. When he turns 70 on July 13 in 2025, he will be required to retire from the role after 17 seasons because of Green Bay’s organization by-laws mandating 70 as the job’s retirement age. Green Bay Packers executive committee vice president and lead director Susan Finco will chair the Packers board of directors search committee for Murphy’s replacement. Dan Ariens, Green Bay’s executive committee secretary and chair of the personnel and compensation committee, will be the vice chair for the search committee.
“Mark’s contributions to the organization have been tremendous,” Finco said in a statement on the team’s website. “From updating the corporate leadership structure to growing and diversifying revenue to increasing the meaningful impact of the Packers in the community, Mark continues to position the Packers for success. We look forward to his insightful leadership in the next year and a half.”
Whoever replaces Murphy will have big shoes to fill as he leaves behind a plenty of football experience plus success in the role leading the Packers. He played eight NFL seasons as a defensive back with Washington from 1977-1984 after being undrafted out of Colgate. The Packers’ 162-95-2 record under Murphy since 2008 is the third-best in…
Source link : https://www.cbssports.com/nfl/news/packers-ceo-search-organization-begins-process-to-replace-retiring-mark-murphy-after-2024-season/
Author : Garrett Podell
Publish date : 2024-02-07 20:27:59
Copyright for syndicated content belongs to the linked Source.