Jeff Shumway, left, introduces Don Maloney as general manager of the Phoenix Coyotes in May, 2007. Shumway resigned his post as chief executive officer on Friday. ((Ross D. Franklin/Associated Press) )

The financially struggling Phoenix Coyotes have made a major change at the top.

Jeff Shumway, chairman and chief executive officer of the National Hockey League club since 2006, resigned on Friday "in order to focus solely on managing the other business ventures of team owner Jerry Moyes," the organization said in a release.

His place will be taken by Moyes, who will have president and chief operating officer Douglas Moss and Don Maloney, the club's executive vice-president and general manager, reporting directly to him.

"Jeff has done a great job in managing the team for me, but right now, I need him to focus on some of my other projects," Moyes said in the release.

"Doug Moss and Don Maloney have the team moving in the right direction, and I will work closely with them as we move forward."

Phoenix went into the all-star break at 24-19-5 under coach Wayne Gretzky, good for fifth in the Western Conference at 53 points.

Moyes has been seeking buyers for the Coyotes, who are reportedly losing more than $30 million per year.

With the NHL's help, they are attempting to renegotiate their Arena lease with the city of Glendale in an apparent effort to make the deal more attractive to potential buyers.

With files from the Associated Press