Peter Karmanos, Jr.
||This biographical article needs additional citations for verification. (January 2008)|
March 11, 1943 |
|Occupation||Former CEO of Compuware Corporation|
|Known for||owner of the Carolina Hurricanes and Plymouth Whalers|
Peter Karmanos, Jr. (born March 11, 1943) is the Former CEO of Compuware Corporation and owner of the Carolina Hurricanes, Plymouth Whalers and Florida Everblades hockey franchises. On June 7, 2011, Karmanos announced that he will relinquish the CEO position on June 20 to become executive chairman. Karmanos retired from Compuware on March 31, 2013 but maintained a consultant role within the company. Compuware terminated his post-retirement consulting agreement, effective October 1, 2013.
Born into a Greek immigrant family, Karmanos did not start speaking English until he was in grade school. He graduated from Wayne State University in 1973, and soon after founded a software company, Compuware, with two partners, Thomas Thewes and Allen Cutting.
Karmanos cofounded the Detroit Compuware Hockey organization in the late 1970s with Thewes. The organization includes all levels of hockey from recreational to AAA and Junior A. The Ontario Hockey League awarded an expansion franchise on December 11, 1989 to be known as the Detroit Compuware Ambassadors. The team later became the Detroit Junior Red Wings, Detroit Whalers and are now called the Plymouth Whalers.
Karmanos and his Compuware partner Thewes purchased the Hartford Whalers in 1994, for $47,5 million. At the time, they had committed to keeping the team in Hartford for at least four years. Connecticut's then-governor Lowell P. Weicker announced that Karmanos would be critical for the team to stay in Hartford. Weicker later became a member of the Compuware Board of Directors. Karmanos was unable to sell 11,000 season tickets in Hartford during the 1995–1996 NHL season and announced the team would leave Hartford before a new city had been found if the Whalers were unable to sell 11,000 season tickets for the 1996–1997 season. The team was moved to Raleigh, North Carolina and renamed the Carolina Hurricanes following the 1996–1997 season. As a result, Karmanos is still reviled by many people in Connecticut. The Hurricanes went on to win the Stanley Cup in 2006.
Karmanos received the Lester Patrick Trophy for outstanding service to hockey after the 1997–1998 season, the Bill Long Award in 2010 for services to the Ontario Hockey League, and was inducted to the United States Hockey Hall of Fame in 2013.
Karmanos' also sponsors youth hockey programs in Michigan. Under his backing, Karmanos' youth hockey teams have accumulated numerous state, national and international tournaments.
He donated money to the Michigan Cancer Foundation, which was renamed the Barbara Ann Karmanos Cancer Institute in 1995 in memory of his first wife, Barbara Ann Karmanos, who died of breast cancer in 1989.
- Adams, Alan (2011). "100 People of Power and Influence". The Hockey News 64: 18.
- Karmanos stepping down as Compuware Corp.'s CEO, 2011-06-07
- A golden parachute will gently carry Pete Karmanos into retirement, 2013-03-29
- Departure of Directors or Certain Officers, 2013-09-30
- Hurricanes' Karmanos a true hockey builder, NHL.com
- Whalers Sold, to Stay in Hartford
- Hanley, Christine (1996-04-10). "Hartford rally to save the Whale a so-so event". Boca Raton News. p. 1B.
- ESPN - Rating NHL moves: Past, present and future - NHL