According to reports, the Arizona Coyotes have parted ways with team president Ahron Cohen.
Per Craig Morgan of The Athletic, the Coyotes made the surprising decision to part ways with Cohen despite improvements in attendance, ticket sales, TV ratings, and sponsorships.
The move likely comes as a result of new owner Alex Meruelo, who holds a 95% stake in the club, wanting to make his mark on the team from a business perspective.
As someone who does not have a background in hockey, the logical early changes would be from a business standpoint, with the current coaching team expected to remain for another season while general manager John Chayka received a contract extension last November.
The loss of Cohen will be felt by fans across the state, with his work in the community contributing to the team’s improved standing within Arizona. His determination to build links with local residents saw him mandate that employees of the organization spend 15 hours of their time a year doing voluntary community service.
Prior to taking on the role of the seventh president since the team’s relocation, Cohen had also spent time as Chief Operating Officer and Chief Legal Officer since first arriving in 2015.
In a later update, reports on social media emerged that the organization had also parted ways with Chief Finance Officer Gregg Olsen, who has spent almost six years with the Coyotes.
Sources: Arizona Coyotes CFO Gregg Olson is no longer with the organization. He joined in Sept. 2014.— Mark J. Burns (@markjburns88) May 12, 2020
News comes as @craigsmorgan first reported earlier today that CEO/President Ahron Cohen is no longer with the club as well. Sources have independently confirmed to @sbjsbd.
Cohen confirmed and partially addressed his departure on Twitter, expressing his thanks for the time he had spent with the Coyotes organization and the impact made on the community.
Thank you to my @ArizonaCoyotes family for the privilege of being a part of this organization for the past 5 years. I’m proud of the impact we made in the Arizona community and will be forever grateful for the wonderful memories! #OurPack #Scratchinandclawin pic.twitter.com/PpS5briNpz— Ahron Cohen (@ahronCo21) May 13, 2020
Little else is known about Cohen’s departure and Meruelo’s plans for the future, so as new information comes to light this article will be updated.