Devils chairman/managing partner Jeff Vanderbeek said this morning that a report in Monday's Street & Smith's SportsBusiness Journal was "very inaccurate."
The report said that team president, CEO and general manager Lou Lamoriello would be relieved of his business operations duties and replaced by a business executive.
"They never talked to me about it," Vanderbeek said.
Vanderbeek said emphatically that "Lou is not being relieved of his duties and Lou and I are both working together on this."
Vanderbeek confirmed that the team has hired the executive search firm, James and Co., but to field candidates for an "arena business executive" position and not to take over Lamoriello's team business operations responsibilities.
Vanderbeek said he and Lamoriello are looking for someone to oversee the "combined services" of sponsorships, the legal department, finance and ancillary development around Prudential Center. This would not only involve the Devils, but also the New Jersey Ironmen (indoor soccer), some Seton Hall basketball events, concerts, family shows and other events that the Newark arena would host.
Vanderbeek said Lamoriello will not be losing any of his powers with the team.