Jacksonville Jaguars Chief Financial Officer Bill Prescott resigned from the franchise Monday to pursue new opportunities and challenges, according to a news release from the team.
Kelly Flanagan succeeds him as the team's vice president of finance and planning, with Prescott remaining an adviser through the transition.
Flanagan was promoted to vice president Monday by team President Mark Lamping after serving as the team's business planning manager for the past year.
Prescott served with the team for 17 seasons.
"Bill was extremely important to the success of our purchase of the team in 2011, but his influence in establishing the franchise and creating a strong presence for the Jaguars in the community was certainly felt well before my time here in Jacksonville," Jaguars owner Shad Khan said in the release.
In the release, Prescott said he was happy to stay on over the past year to help with the team's transition to new ownership and that he and his wife, Kim, plan to stay in the Jacksonville area and "continue to be advocates for a vibrant Downtown and a growing economy in Northeast Florida."
Prescott serves on Downtown Vision Inc.'s board of directors, serves as treasurer and executive board member to Visit Jacksonville and works with the JAX Chamber on its Downtown Marketing Collaborative.
The Prescotts also organize the monthly "Dine with Us Downtown" events to support restaurants and venues on the Northbank and Southbank. Its most recent was Thursday at the Zodiac Bar & Grill.
Flanagan graduated from Episcopal School of Jacksonville and served the team by leading its financial planning analysis efforts. That includes business planning, quantitative and analytical support of key revenue initiatives including ticket sales, corporate partnerships and in-stadium spending.
She was part of Lamping's executive team at the New Meadowlands Stadium, now known as MetLife Stadium, which is home of the New York Jets and New York Giants.