{"id":935021,"date":"2026-10-20T14:24:11","date_gmt":"2026-10-20T14:24:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/935021\/"},"modified":"2026-10-20T14:24:11","modified_gmt":"2026-10-20T14:24:11","slug":"penguins-name-ted-towne-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/935021\/","title":{"rendered":"Penguins Name Ted Towne Chief Financial Officer"},"content":{"rendered":"

Hoffmann Family of Companies<\/a> (\u201cHF Companies\u201d), the U.S.-based, family-owned firm and owner of the Pittsburgh Penguins<\/a>, today named Ted Towne the team\u2019s new Chief Financial Officer.<\/p>\n

Towne joins the Penguins from Major League Baseball\u2019s Washington Nationals, where he spent nearly two decades and most recently served as Chief Financial Officer. In that role, he oversaw the club\u2019s financial planning, analysis and operational strategy, while serving as an advisor to ownership and the Board of Directors. In 2025, he also took on interim Chief Revenue Officer and Chief Marketing Officer responsibilities, which expanded his oversight to 12 operating departments, including business strategy and analytics.<\/p>\n

Towne played a key role in negotiating a landmark 20-year lease extension for Nationals Park in 2025, marking the single-largest investment the District of Columbia has made in any one facility. He was also instrumental in securing significant revenue agreements for the Nationals, including a long-term concessions agreement with Levy Restaurants and a new retail partnership with Fanatics. Most recently, Towne led the Nationals\u2019 migration to a new enterprise resource planning platform and a modernized procure-to-pay process.<\/p>\n

From 2014 to 2022, Towne served as Assistant General Manager and Vice President, Finance, a role Nationals ownership created to bring financial discipline to baseball operations. He supported player acquisition and contract negotiations and contributed to the club\u2019s 2019 World Series championship. He also led the Nationals\u2019 winning bid to host the 2015 NHL Winter Classic at Nationals Park, supported the 2018 MLB All-Star Week and oversaw the on-time, on-budget build-out of the club\u2019s spring training facility in West Palm Beach, Fla.<\/p>\n

Towne began his career at PricewaterhouseCoopers, Forrester Construction Company and Lerner Enterprises. He previously served on the Alumni Advisory Board of Maryland\u2019s Sports Management Program and taught as an adjunct professor at Georgetown University.<\/p>\n

\u201cTed has spent nearly two decades building the financial foundation of a championship organization, and he knows how to turn complex deals into lasting value for a team and its fans,\u201d said Geoff Hoffmann, Chairman and Team Governor. \u201cHis blend of finance, operations and revenue experience makes him the right leader to help us invest in the Penguins\u2019 future and deliver for our fans and Pittsburgh.\u201d<\/p>\n

\u201cI\u2019m honored to join the Penguins at such an exciting time,\u201d said Towne. \u201cThe Hoffmann family has shown a real commitment to this team and the city of Pittsburgh. I look forward to working alongside Geoff, Marcel and the entire organization as we build a financial foundation that supports and ensures the Penguins\u2019 success both on and off the ice, as well as in our community.\u201d<\/p>\n

Towne\u2019s appointment follows the recent hiring of Marcel Braithwaite<\/a> as President of Business Operations. Braithwaite joined the Penguins from the Houston Astros, one of Major League Baseball\u2019s premier franchises.<\/p>\n

About Hoffmann Family of Companies
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 200 global brands and employs 28,000 employees with businesses located in 30 countries and 600 locations around the world. Hoffmann Family of Companies\u2019 verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Hoffmann Family of Companies (\u201cHF Companies\u201d), the U.S.-based, family-owned firm and owner of the Pittsburgh Penguins, today named…\n","protected":false},"author":2,"featured_media":935022,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[556],"tags":[64,63,575,85],"class_list":["post-935021","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nhl","tag-au","tag-australia","tag-nhl","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/935021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=935021"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/935021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/935022"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=935021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=935021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=935021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}