Minneapolis/St. Paul – The Minnesota Timberwolves and Lynx have announced that
Chief Financial Officer Roger Griffith will be resigning his position effective
on April 15. The organization will be promoting current Vice President of
Finance, Pete Stene, to the role of Chief Financial Officer upon Griffith’s
departure from the organization.
In his duties as CFO, Griffith was responsible for overseeing finances for both
the Timberwolves and the Lynx organizations. He led efforts for accounting, risk
management, financial reporting, budgeting, insurance, cash management and
investing. He also worked alongside basketball operations for both organizations
in managing the salary cap. Griffith recently led the financial management
surrounding the teams’ training facility at Mayo Clinic Square and Target Center
renovation. He has also played a vital role in helping the Lynx become a
successful team in the WNBA, orchestrating the basketball operations as the
General Manager for the four-time WNBA champion Lynx.
“Roger’s leadership and dedication to the Timberwolves and Lynx franchises is
unparalleled,” said Timberwolves and Lynx owner Glen Taylor. “For the last 24
years, he has guided many key aspects of our organization, showing great
leadership and decision-making ability that will continue to benefit us for
years to come. Through our transition to Mayo Clinic Square, his work on the
Target Center renovation project, and the leadership he demonstrated in
constructing the roster to help lead the Lynx to four WNBA titles, Roger has
clearly established himself as one of the great sports executives in our market
and will be missed.”
Stene is in his 15th season with the Timberwolves and Lynx and in his sixth
season in his current role as Vice President of Finance. He oversees the
day-to-day operations of the accounting and box office departments directing
financial policies and practices in the areas of general accounting, audit, tax
and league reporting. Prior to joining the organization, Stene spent seven years
working for Target Center’s various management companies as its director of
finance.
“Roger’s experience and knowledge has been an unmatched asset to our
organization for nearly a quarter of a century, and he will be greatly missed,”
said Ethan Casson, Timberwolves and Lynx CEO. “We are excited about the
opportunity to elevate Pete Stene into his new role. Pete is no question the
best person for the job, and we envision a seamless transition with Pete
assuming these duties. Pete’s professionalism and high respect among his peers
and within our market make him a natural fit for this role.”
Media Content:
http://www.nba.com/timberwolves/roger-griffith-resign-timberwolves-and-lynx-chief
-financial-officer
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-financial-officer
