Panthers Begin New Chapter as CEO Steps Down

Big changes are underway in Sunrise, and they’re happening off the ice.

The Florida Panthers announced Wednesday that President and CEO Matthew Caldwell will step down after nearly a decade with the franchise. Caldwell is leaving to become the new CEO of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx.

Caldwell joined the Panthers in 2014 and quickly became a central figure in reshaping a team once struggling for relevance. Under his leadership, the Panthers evolved into a back-to-back Stanley Cup champion with a reputation for stability and ambition. He played a key role in building the organization’s identity both on the ice and behind the scenes.

In reflecting on his tenure, Caldwell called his time in Sunrise “the highlight of my professional career,” and thanked the Viola family, owners of the Panthers. “I will be forever grateful for the opportunity to have led this historic franchise turnaround,” he said.

That turnaround included several pivotal moves. Caldwell was instrumental in hiring General Manager Bill Zito in 2020, a decision that has paid dividends with Zito assembling one of the NHL’s deepest and most competitive rosters. He also helped oversee the development of the team’s state-of-the-art practice facility in Fort Lauderdale, a sign of the organization’s commitment to long-term success.

Panthers owner Vincent Viola praised Caldwell’s leadership, noting his impact across all aspects of the franchise. “Matt has led by example, serving our employees, clients, fans and the South Florida community with passion and professionalism,” Viola said. “His determination drove our franchise turnaround and helped instill a culture of excellence.”

While Viola acknowledged it is bittersweet to see Caldwell leave, he said the move represents a “tremendously exceptional opportunity” as Caldwell joins the Timberwolves and Lynx alongside high-profile owners Alex Rodriguez and Marc Lore.

The Panthers are turning to a familiar face to succeed Caldwell. Rob Stevenson, who has served as Executive Vice President of People and Facilities for the past three years, has been appointed CEO. Stevenson will oversee Operations, Facilities Management, Event Services, Live Entertainment, Hospitality, and the Panthers IceDen and FTL War Memorial complex.

The leadership shuffle extends further. Mark Zarthar, previously Chief Strategy Officer, has been promoted to Chief Revenue Officer, taking on additional responsibilities for Corporate Partnerships and Ticket Sales & Service, while continuing to oversee Business Intelligence, Brand Strategy, Broadcast, Communications, and Ticket Operations. He fills a role vacated by Shawn Thornton, the former NHL enforcer who later transitioned into the Panthers’ executive ranks. Thornton’s next career step has not yet been announced.

Another departure comes with Chief Operating Officer Bryce Hollweg stepping down. Michael Viola, the owner’s son and team alternate governor, will oversee the search for a new President of Business Operations and manage the leadership transition.

For the Panthers, the summer has been one of celebration on the ice, but these moves signal a new chapter in the front office. Caldwell departs with a lasting legacy, having guided the Panthers from a struggling franchise to a hockey powerhouse. With new leadership in place, the focus now turns to maintaining the championship standard he helped establish.

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