In the wake of Donald Sterling’s lifetime NBA suspension, the Los Angeles Clippers has a new man in charge. According to reports, commissioner Adam Silver has appointed business executive Dick Parsons as interim CEO.
“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” Silver said in a press release. “Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”
In response to his new position, Parsons issued a statement saying his honored to join the Clippers’ family. “Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured,” he said. “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. 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.”
Parsons is best known as the former chairman of Citigroup and CEO of Time Warner. He currently serves as a member of the Commission on Presidential Debates’ board of directors and a senior advisor at Providence Equity Partners.
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