Peter Luukko has resigned his position as president and chief operating officer of Comcast-Spectacor, the parent company that owns the Philadelphia Flyers and Wells Fargo Center.
Luukko was second in command behind chairman Ed Snider.
"I want to thank Ed for the opportunities that he has given me to help build Comcast-Spectacor over the past 25 years," Luukko said in a press release. "We have had a wonderful partnership, building a great company with a terrific management team. 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."
Luukko was a member of the NHL's Board of Governors. He was instrumental in the Flyers participating in the NHL Winter Classic in 2010 and 2012. Wells Fargo Center is set to host the 2014 NHL Draft and the 2014 NCAA Frozen Four.
"We've had better days," Snider told the Philadelphia Inquirer. "It came out of the blue, but I guess he gave lot of thought over the holidays and decided to do other things with his life."
Snider told the Inquirer he wasn't sure what Luukko would do next.
"He doesn’t know," Snider said. "He has a son in Vermont and wants to spend more time with him and his family. Basically, he wants to see what's going on in the world. He's entrepreneurial and might want to start something of his own."
Dave Scott, who recently retired as executive vice president and chief financial officer for Comcast Cable, will serve as acting president of Comcast-Spectacor, but the Flyers will go on without an acting president.
"I'll play it by ear," Snider told the Inquirer. "It's such a shock that I haven't had time to think about it."