Billionaire financial magnate and Florida Panthers owner Vincent Viola was named Secretary of the Army by President-elect Donald Trump on Monday.
"We are honored and humbled to see Mr. Viola nominated as the Secretary of the Army. We could not be more proud for Vinnie and his dedication to our country," Panthers president and CEO Matthew Caldwell said in a statement.
The Panthers will remain owned by the Viola family, but Vincent Viola will not have an active day-to-day role with the franchise. Douglas A. Cifu will take over Viola's role as chairman and governor of Sunrise Sports and Entertainment.