Tim Zue is responsible for the financial management of the Boston Red Sox overseeing the organization's operating budget, accounting, financial planning, forecasting, business analytics, and technology services. Prior to his current role, Zue served as Senior Vice President of Finance, Strategy and Analytics for both the Red Sox and Fenway Sports Management (FSM).
During his 18-year career with the club Zue has played a key role in all financial aspects of the business, including the evaluation and execution of all non-baseball events, ticket pricing decisions, the financial impact of Fenway Park improvements, and the creation of the Red Sox Rewards loyalty program. He also helped conduct the financial due diligence related to Fenway Sports Group's acquisitions of Roush Fenway Racing, Liverpool Football Club, and the marketing rights for LeBron James.
With FSM, Zue managed the business operations department responsible for the sports marketing firm's consulting, events, and experiences divisions. Under his leadership, FSM created the onsite photography service Fanfoto, the fan travel program MLB Destinations, Red Sox Fantasy Camps, and Youth Baseball Summer Camps. During his tenure, Fanfoto expanded from three teams to more than 30, and the MLB Destinations program grew to include seven Major League Baseball clubs.
In early 2017 Zue was promoted to Executive Vice President/Chief Financial Officer and he was also selected as one of Sports Business Journal's "40 Under 40" Award recipients, an honor that recognized him as one of the best young talents in the business of sports.
Prior to joining the Red Sox and FSM, Zue worked for Bain & Company in Boston as an associate consultant. He also taught middle school math and technology in the Boston Public School system for four years.
Zue received a Bachelor's Degree in Mechanical Engineering from MIT in 1999, where he won the prestigious 2.70 robotics design contest and competed in an international robotics design competition in Tokyo. A native of Winchester, MA, Zue lives in Lexington with his wife Nicole and their three children Adelyn, Harrison and Vivienne.
A recent McKinsey survey found that the CFO’s role has become broader and more complex than even 2 years ago. Today’s CFO has an average of 6.2 reporting functional areas with a corresponding increase in responsibilities including board engagement and taking the lead in digital transformation initiatives. Key takeaways for this session include: