The NBA has named Dick Parsons, the former chairman of Citigroup and the former CEO of Time Warner, the CEO of the Los Angeles Clippers, the league announced Friday.
In the wake of the Donald Sterling scandal, the league announced last Saturday that it would appoint a CEO to “supervise the team’s operations” while it tried to force Sterling to sell the team. On Tuesday, Clippers president Andy Roeser was placed on an indefinite leave of absence so as to not complicate things for the new CEO.
“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” Commissioner Adam Silver said in a statement. “Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”
Parsons said he was “deeply troubled” by the pain endured by the Clippers’ team and fans in the wake of the Sterling scandal.
“A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam’s leadership in navigating the challenges facing the team and the league,” Parson said. “The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity. I am honored to be asked to work with them, build on their values and accomplishments, and help them open a new, inspiring era for their team.”