[2] After experiencing financial difficulties, the Green Bay Football Corporation was formed in 1923 after a public offering of stock raised $5,000.
The corporation made the Packers a publicly owned, non-profit organization that was run by a board of directors elected each year.
[8][9][10] The Packers have a mandatory retirement age for all board members, including president, whenever that person turns 70 years old.
[12][16][17][18] Dominic Olejniczak, a former mayor of Green Bay, is the longest serving president, with his tenure lasting 23 years from 1958 to 1981.
[21] After an extensive search process, the Packers' board of directors unanimously chose Ed Policy, who served as the team's Chief Operating Officer, to be the next president after Murphy resigns.