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Green Bay Packers shareholders will see a rare change in leadership when they attend this year's annual meeting.
Mark Murphy will attend his last shareholders meeting as president and CEO of the Packers, and Ed Policy will attend his first in his new role as leader of the organization. Policy was chosen as Murphy's successor in June 2024.
The meeting is scheduled for 3 p.m. July 25 in the Lambeau Field bowl. It is the first shareholders meeting to be held on a Friday in recent memory and the second in two years to be held after the start of training camp, which is scheduled to begin on July 23.
Policy will be the 11th CEO of the Green Bay Packers. Murphy was elected president and CEO in December 2007. He succeeded Bob Harlan, who was named president and CEO in 1989.
Policy, 54, joined the Packers in 2012 as general counsel. He was promoted to chief operating officer, essentially the No. 2 person in the organization, in 2018. He was responsible for overseeing development of the Packers' Titletown district west of Lambeau Field. He joined Murphy in representing the Packers at league meetings and led the organization's communications, marketing and fan engagement, sales and business development, security, and development, and hospitality departments.
The Packers are the only team in the NFL owned by fans. The organization has more than 539,000 shareholders owning about 5.2 million shares. Proxy materials will be sent to shareholders in mid-June. The annual meeting consists of reports by Murphy and General Manager Brian Gutekunst, a financial report, and reports by various committee leaders. Policy also might speak at this meeting.
Last year, the team reported a record $654.1 million in revenue for the 2023-24 fiscal year. It reported profit from operations of $60 million and net income of $98.1 million. The year before, revenue was $610 million, profit from operations was $68.6 million, and net income was $35.3 million.
The Packers traditionally release financial details in the week before the meeting.
More: Packers don't rule out again holding shareholders meeting, training camp on same day
In 2024, the meeting was attend by 7,676 shareholders and their guests. Shareholders also watched a livestream of the event. Over the years, normal attendance was 8,000 to 12,000 shareholders and guests. Record attendance was 18,707 in 1998.
Policy, Timothy M. Bergstrom of Bergstrom Automotive and Laurie A. Butz of Capital Credit Union were nominated for the board of directors. Leaving the 42-member board this year are Mark Murphy and Will Kress, both of whom reached the mandatory retirement age of 70.
Bergstrom is the president and CEO of Bergstrom Automotive of Wisconsin, a position he assumed in 2021. He joined the company in 1999. Butz is president and CEO of Capital Credit Union in Green Bay, also since 2021.
Shareholders get four tickets for each shareholder account, including accounts that have a joint or custodial registration. Shareholders who receive meeting materials electronically can access print-at-home tickets after voting their shares. New shareholders can look for materials to arrive in the mail or electronically in mid-June.
Information about the annual meeting, which will be updated as the date approaches, can be found online at packers.com/community/shareholders or packersowner.com.
The Packers ask shareholders who have not received communications from the organization in the last 12 months to contact Shareholder Services to update their address, including street and email addresses. Shareholder Services can be reached at 855-846-7225 or [email protected].
Practice is expected to take place in the morning, before the meeting in the afternoon, as it was last year. The Lambeau Field Atrium will be open to the public throughout they day. Instructions on parking and entry for the meeting will be available to shareholders as those details are finalized.
The Packers' Family Night practice will be at 7 p.m. Aug. 2. They play their first preseason game at 7 p.m. Aug. 9 when they host the New York Jets. Their first regular-season game is 3:25 p.m. Sept. 7 against the Detroit Lions at Lambeau Field.
A full training camp schedule, including the number of public practices, will be released later.
Contact Richard Ryman at [email protected]. Follow him on Twitter at @RichRymanPG, on Instagram at @rrymanPG or on Facebook at www.facebook.com/RichardRymanPG.
This article originally appeared on Green Bay Press-Gazette: Mark Murphy to hand over Packers to Ed Policy at shareholders meeting
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Mark Murphy will attend his last shareholders meeting as president and CEO of the Packers, and Ed Policy will attend his first in his new role as leader of the organization. Policy was chosen as Murphy's successor in June 2024.
The meeting is scheduled for 3 p.m. July 25 in the Lambeau Field bowl. It is the first shareholders meeting to be held on a Friday in recent memory and the second in two years to be held after the start of training camp, which is scheduled to begin on July 23.
Policy will be the 11th CEO of the Green Bay Packers. Murphy was elected president and CEO in December 2007. He succeeded Bob Harlan, who was named president and CEO in 1989.
Policy, 54, joined the Packers in 2012 as general counsel. He was promoted to chief operating officer, essentially the No. 2 person in the organization, in 2018. He was responsible for overseeing development of the Packers' Titletown district west of Lambeau Field. He joined Murphy in representing the Packers at league meetings and led the organization's communications, marketing and fan engagement, sales and business development, security, and development, and hospitality departments.
Packers shareholders meeting is a business meeting
The Packers are the only team in the NFL owned by fans. The organization has more than 539,000 shareholders owning about 5.2 million shares. Proxy materials will be sent to shareholders in mid-June. The annual meeting consists of reports by Murphy and General Manager Brian Gutekunst, a financial report, and reports by various committee leaders. Policy also might speak at this meeting.
Last year, the team reported a record $654.1 million in revenue for the 2023-24 fiscal year. It reported profit from operations of $60 million and net income of $98.1 million. The year before, revenue was $610 million, profit from operations was $68.6 million, and net income was $35.3 million.
The Packers traditionally release financial details in the week before the meeting.
More: Packers don't rule out again holding shareholders meeting, training camp on same day
In 2024, the meeting was attend by 7,676 shareholders and their guests. Shareholders also watched a livestream of the event. Over the years, normal attendance was 8,000 to 12,000 shareholders and guests. Record attendance was 18,707 in 1998.
Three nominated for board of directors; two leaving
Policy, Timothy M. Bergstrom of Bergstrom Automotive and Laurie A. Butz of Capital Credit Union were nominated for the board of directors. Leaving the 42-member board this year are Mark Murphy and Will Kress, both of whom reached the mandatory retirement age of 70.
Bergstrom is the president and CEO of Bergstrom Automotive of Wisconsin, a position he assumed in 2021. He joined the company in 1999. Butz is president and CEO of Capital Credit Union in Green Bay, also since 2021.
Here's how shareholders can stay connected
Shareholders get four tickets for each shareholder account, including accounts that have a joint or custodial registration. Shareholders who receive meeting materials electronically can access print-at-home tickets after voting their shares. New shareholders can look for materials to arrive in the mail or electronically in mid-June.
Information about the annual meeting, which will be updated as the date approaches, can be found online at packers.com/community/shareholders or packersowner.com.
The Packers ask shareholders who have not received communications from the organization in the last 12 months to contact Shareholder Services to update their address, including street and email addresses. Shareholder Services can be reached at 855-846-7225 or [email protected].
Training camp begins a busy season for Packers fans
Practice is expected to take place in the morning, before the meeting in the afternoon, as it was last year. The Lambeau Field Atrium will be open to the public throughout they day. Instructions on parking and entry for the meeting will be available to shareholders as those details are finalized.
The Packers' Family Night practice will be at 7 p.m. Aug. 2. They play their first preseason game at 7 p.m. Aug. 9 when they host the New York Jets. Their first regular-season game is 3:25 p.m. Sept. 7 against the Detroit Lions at Lambeau Field.
A full training camp schedule, including the number of public practices, will be released later.
Packers' July/August/September schedule
- July 23: Training camp begins at Lambeau Field campus
- July 25: Annual shareholders meeting at 3 p.m. in Lambeau Field bowl
- Aug. 2: Family Night in Lambeau Field
- Aug. 9: New York Jets at Packers, 7 p.m., Lambeau Field, preseason game, Green package season tickets
- Aug. 16: Packers at Indianapolis Colts, noon, preseason game, Lucas Oil Stadium
- Aug. 23: Seattle Seahawks at Packers, 3 p.m., Lambeau Field, preseason game, Gold package season tickets
- Sept. 7: Detroit Lions at Packers, 3:25 p.m., Lambeau Field, season opener, Green package
- Sept. 11: Washington Commanders at Packers, 7:15 p.m., Lambeau Field, Gold package
- Sept. 21: Packers at Cleveland Browns, noon, Huntington Bank Field
- Sept. 28: Packers at Dallas Cowboys, 7:20 p.m., AT&T Stadium
Contact Richard Ryman at [email protected]. Follow him on Twitter at @RichRymanPG, on Instagram at @rrymanPG or on Facebook at www.facebook.com/RichardRymanPG.
This article originally appeared on Green Bay Press-Gazette: Mark Murphy to hand over Packers to Ed Policy at shareholders meeting
Continue reading...
