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Michael Hermalyn
SVP, Business Development at DraftKings
Michael Hermalyn is a business executive currently serving as the President of Fanatics VIP and the head of Fanatics' Los Angeles office. He transitioned to this role on February 1, 2024, after leaving his position as Senior Vice President of Growth at DraftKings Inc. During his tenure at DraftKings, which began as Senior Vice President of Business Development, he was primarily responsible for developing relationships with high-value customers and overseeing various strategic initiatives, including the VIP acquisition team and customer loyalty programs.14
Education and Background
Hermalyn holds a Bachelor of Science degree from Cornell University and has also attended the University of New South Wales. He graduated from Bergen County Academies, a highly regarded high school.2
Legal Controversy
Following his departure from DraftKings, Hermalyn became embroiled in a legal dispute with his former employer. DraftKings has accused him of misappropriating trade secrets and violating confidentiality agreements in connection with his move to Fanatics. The lawsuit alleges that he accessed confidential documents shortly before resigning to join Fanatics, which could potentially give Fanatics an advantage in the competitive sports entertainment market.135
Personal Achievements
In addition to his professional accomplishments, Hermalyn is recognized for achieving the rank of Eagle Scout, a notable honor awarded by the Boy Scouts of America.2
Overall, Michael Hermalyn's career reflects significant leadership roles in business development and customer relations within the sports entertainment industry, coupled with recent legal challenges following his transition to a competitor.