Skip to main content

Phoenix Coyotes chairman, CEO Jeff Shumway announces resignation

GLENDALE, Ariz. - Jeff Shumway resigned as chairman and CEO of the financially troubled Phoenix Coyotes on Friday.

Shumway had served as CEO of the Coyotes since April 2006. He is relinquishing his duties with the hockey team to manage other business ventures of team owner Jerry Moyes.

"Jeff has done a great job in managing the team for me but right now I need him to focus on some of my other projects," Moyes said in a statement.

The 51-year-old Shumway's resignation removes an upper layer of management for the team coached by Wayne Gretzky. Moyes will take over as the Coyotes' governor on the NHL Board of Governors, and president Doug Moss and general manager Don Maloney will report directly to Moyes.

Moyes has been seeking buyers for the Coyotes, who are reportedly losing more than US$30 million per year. With the NHL's help, they are attempting to renegotiate their Jobing.com Arena lease with the city of Glendale in an apparent effort to make the deal more attractive to potential buyers.

The Coyotes enter the all-star break in fifth place in the Western Conference. If the playoffs started this week, they would qualify for the first time since 2002.

TOP HEADLINES

Auston Matthews
Play

The NHL All-In Power Rankings: Top Five

Mike Stephens looks at five NHL teams who are the most all-in for a Stanley Cup. It is Cup or Bust for these aging and salary cap-strapped teams.

Connor Bedard
Play

Connor Bedard's Point Streak Hits 22 Games as Pats Beat Giants

Connor Bedard set his WHL career-best point streak Friday night against the Vancouver Giants — where some Canucks fans already had Bedard on their jersey.

Brock Nelson

Brock Nelson Evolves Into a Stealthy Scorer for the Islanders

Four years ago, Brock Nelson got a phone call from Barry Trotz. Since then, he's jumped up to the top six and is scoring for the Islanders like never before.