BOSTON, March 4 (UPI) -- Michael Yormark stepped down as team president of the Florida Panthers after more than 10 years with the organization to go and work for Jay Z at Roc Nation.
Yormark will take over as president and chief strategy officer for the entertainment and sports marketing firm.
“I’m thrilled,” Yormark told the Miami Herald.
“At the end of the day, I’ve been here 11 years. I’ve had a lot of opportunities come my way during that period of time. But I’ve done everything I can do here. Based on what I controlled and what I could impact, I did everything I could. This opportunity really puts me on a global platform. This takes me to a completely different level in my career. I had to go for it, I really did.”
Rory Babich has been named as the team’s new CEO and president, and he will be working with general manager Dale Tallon to help get the organization turned around. The Panthers currently sit in seventh place in the Atlantic Division with a 21-31 record.
“We’ve developed a good relationship in a short amount of time. We’re going to be partners in all these initiatives on and off the ice. I’m excited about it. I think it’s going to be great,” Tallon said.
The Panthers only made the playoffs once during Yormark’s tenure with the team.