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SUNRISE, Fla. -- Michael Yormark resigned as president and CEO of the Florida Panthers on Monday, taking a job with rap mogul Jay Zs Roc Nation and setting off a front-office shake-up for the long-struggling franchise. Yormark said he has accepted a job as president and chief of branding and strategy for Roc Nation, Jay Zs sports agency. The Panthers promoted Rory Babich into the jobs that Yormark had held with the organization, and announced that general manager Dale Tallon was having his responsibilities expanded to also include business operations. "While we are sorry to see Michael leave, he has received an offer for a tremendous opportunity and we are fortunate that we will be able to continue working with him in his new role," said Panthers owner Vincent Viola, who bought the team in September. "Rory has been working with us throughout our acquisition of the team and has been partnering with Michael on the business side and Dale on the hockey side since he joined us." Babich and Tallon also will be alternate governors for the team. "Dale and I, together, will be partnering on all aspects of our business," Babich said. Yormark joined Sunrise Sports and Entertainment as its Chief Operating Officer in September 2003, was promoted to president in August 2007 and then to president and CEO of the team and SSE last September. Yormark said he still believes the Panthers, under Violas leadership, will get to the level the franchise has sought to reach for years. The Panthers have reached the playoffs only once since 2000, and are well out of post-season contention this year. "Roc Nation represents a wonderful new adventure for my family and me, and I am thrilled to join an exciting, innovative organization," Yormark said in a statement released Monday afternoon. "Roc Nation is poised to grow in to one of the most influential companies in the industry and I am looking forward to taking on this new challenge." Babich grew up in the New York area, the son of a sports writer, and said hes loved hockey since childhood. He joined the Panthers after Viola bought the team, and said his role as CEO will simply continue Violas vision to build a winner in South Florida. "Its an exciting time for us," Tallon said. "Rory and I have been together since December. Weve developed a close relationship in a short period of time. ... Were excited about what were going to do, how were going to do this and were going to work together to bring a Stanley Cup to the Panthers and their fans." Roc Nation was founded in 2008, and represents major sports stars as Robinson Cano, Kevin Durant, Victor Cruz and others. Cheap Colts Jerseys .com) - Fair Grounds commences its road to the Kentucky Derby Saturday with the 71st running of the $200,000 Lecomte Stakes. Cheap Colts Jerseys Authentic . Off-Season Game Plan looks at what the Blue Jackets may do to build upon last seasons success to return to the playoffs again next year. http://www.cheapcoltsjerseysauthentic.com/. Here is a look at all the moves through the first week of NHL Free Agency. The most significant deals will get the full Numbers Game column treatment, like these:Briere-for-Parenteau trade. Whoelsale Colts Jerseys . Jones took a beating, the worst one of his record reign, in a bout against Alexander Gustafsson that knocked the light heavyweight champion on the canvas for the first time in his career and put his belt in jeopardy. .@Thomas27Hoad I saw a teammate purposely cut a guys stick before the game...went out for warmup, it snapped, and he fell. — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 .@Jon9A used to be @BDubi17, but now hes funny because were teammates haha — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 .@Broyles_MML @BDubi17...in MSG. A convincing win for myself — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 .@itsmexo91 cold butter at a restaurant, andd when you hold the door for someone and they dont say "thank you" — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 .ddddddddddddryanreal lettuce, bacon, cheddar cheese, over-medium egg, Franks red hot — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 .@BrendenCBJ_Fan Mario Kart, Nintendo 64 — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 .@ItsMagicalMike Lundqvist — NHL Blue Jackets (@BlueJacketsNHL) July 30, 2014 ' ' '