The Washington Capitals’ day-to-day leadership is shifting to a familiar name.
On Tuesday, Monumental Sports & Entertainment announced that Zach Leonsis has been promoted to president and vice chairman of the company that owns the Capitals. The move puts him in position to oversee the franchise’s daily operations while his father, Ted Leonsis, remains chairman, managing partner and chief executive officer, as well as the controlling owner of the Capitals.
Ted Leonsis founded Monumental Sports & Entertainment, and Zach Leonsis had most recently been serving as the company’s president of media and new enterprises. In his new role, Monumental said he will “oversee financial operations, infrastructure and technology, venues and media businesses.”
Ted Leonsis said the promotion reflects how much the company has expanded.
“Monumental has grown significantly in both scale and complexity, and our leadership structure must continue to evolve with the business,” said Ted Leonsis. “Zach has played an integral role in building Monumental into the platform it is today, and this expanded role reflects both his leadership and the increasing integration of our businesses. I have tremendous confidence in Zach and our entire leadership team as we continue to execute against our long-term vision.”
Zach Leonsis said he sees the move as a major step for the company.
“This is an incredibly important moment for Monumental, and I’m excited about the opportunity to help lead the company through its next phase of growth,” said Zach Leonsis. “We have exceptional leaders and teams across the organization, and will continue to focus on raising the bar for how we serve our fans and the entire DMV community. I’m grateful for the senior leadership team’s trust and look forward to working alongside them as we build on the momentum across Monumental.”
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