Longtime Jaguars executive Prescott resigns as CFO

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JACKSONVILLE, Fla. (AP) -- After 17 seasons with the Jacksonville Jaguars, Bill Prescott has resigned as chief financial officer.

The team says Prescott left to "pursue new opportunities and challenges."

Prescott, who plans to remain in the Jacksonville area, says he has "nothing but great memories" and has "made friends for life."

Prescott will remain as an advisor to his replacement, Kelly Flanagan. She was promoted Monday to vice president of finance and planning. Flanagan spent the last year as the team's business planning manager.

Flanagan was part of Jaguars team president Mark Lamping's executive staff in New York at MetLife Stadium. Flanagan served in the finance department and was ultimately named controller and lead stadium finance representative to the Giants and Jets.

Lamping calls Flanagan "one of our industry's remarkably promising executives."