NBA Executive Moggio Tapped to Lead Americas Soccer GroupBy
Concacaf said to pay $1 million to NBA’s Latin America head
Moggio’s predecessor fired amid fallout from FIFA probe.
Concacaf, the Miami-based regional soccer body badly damaged by the sport’s global corruption scandal, stepped up its recovery efforts by hiring a senior National Basketball Association executive as its top administrator.
Philippe Moggio, a former banker who’d been the NBA’s senior vice president for Latin America and represented Colombia in Tennis’s Davis Cup, becomes general secretary of the Confederation of North, Central American and Caribbean Association Football. His appointment to the CEO-type role comes almost exactly a year to the day U.S. authorities unsealed their sweeping corruption indictment, and follows a two-month recruitment process led by executive search firm Korn Ferry.
Moggio will earn about $1 million annually, a bigger salary than recently elected president Victor Montagliani is expected to receive, according to two people familiar with the matter. A compensation committee has yet to decide Montagliani’s wage.
A Concacaf spokesman said "salary details are not going to be made public at this time", adding that the group has already agreed as part of corporate governance reforms to release compensation data for top executives in its next financial report.
"As the confederation continues reforming its corporate governance structure, the key appointment of Philippe Moggio as general secretary, adds yet another layer of stability to our business operations, allowing us to better serve our member associations, partners and fans of the world’s greatest game," Montagliani said in a statement.
Montagliani’s and Moggio’s immediate predecessors were both banned from soccer for life, with ex-Concacaf president Jeffrey Webb among 42 people and companies charged by U.S. authorities in connection with an ongoing investigation into global soccer corruption. Several other current and former leaders of the organization or its 41 member national federations have been directly or indirectly implicated in what U.S. officials allege is a 20-year bribery and corruption scheme.
Since the first arrests in May 2015, Concacaf has been run by its remaining administrative staff and consultants and lawyers, with Carlos Vincentelli from turnaround firm Alvarez & Marsal running day-to-day operations. Law firm Sidley Austin continues to conduct an internal investigation and devised a slate of corporate governance reforms that were adopted in February.
"My focus is to continue implementing the reforms, while leading the front office in strengthening our business performance to further position Concacaf as a leading sports organization," Moggio said.
Moggio arrives ahead of one of the biggest soccer events in the region’s history. Sixteen teams from South America and the Concacaf region will play in the Copa America Centenario, a three-week tournament that will be held in 10 U.S. cities and sets the stage for the U.S. to host the 2016 World Cup.
Concacaf last week filed a $50 million lawsuit against one of its former presidents Jack Warner, the Trinidad-based politician who is fighting extradition to the U.S. on the soccer corruption charges. It’s part of the group’s efforts to restore its financial health, which was in a ruinous state last year. New banking arrangements have been found and the group is poised to make about $100 million in the current financial year.
Moggio was among 75 people on an initial application list. The group was then whittled down to a final list of six candidates that included two women, according to the people familiar with the process. The final two candidates traveled to the FIFA meeting in Mexico, where they met with Montagliani a day after his election win.
FIFA is also hiring a new secretary general. UN official Fatma Samoura, picked by President Gianni Infantino, starts in her role next month.
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