PHILADELPHIA (AP) — Comcast-Spectacor said Monday that its president and chief operating officer, Peter Luukko, had resigned from the company after deciding to pursue other entrepreneurial activities.
The Philadelphia-based sports and entertainment company, which owns the National Hockey League's Flyers and runs convention centers and sports facilities around the world, said Luukko had decided to monetize his interest in the company. He has been with Comcast-Spectacor for more than 25 years.
Ed Snider, the company's chairman, praised Luukko for helping to build Comcast-Spectacor, noting his "leadership was key in helping us build the many businesses that enabled us to become a nationally recognized leader in sports and entertainment."
Luukko, for his part, said he was grateful for his time and experience with the company.
"We have had a wonderful partnership, building a great company with a terrific management team," he said in a statement. "Now, I have decided that it is time for me to take advantage of the equity I have built up at Comcast-Spectacor and pursue other entrepreneurial interests."
The company said that retired Comcast Cable chief financial officer and senior executive vice president Dave Scott will step in as acting president and Gary Rostic will join Comcast-Spectacor as its CFO.