Former Citigroup and Time Warner chairman Richard Parsons will take over as interim CEO of the Los Angeles Clippers, as first reported by Turner Sports’ David Aldridge and later announced by the NBA.
Hearing the NBA has settled on former Citicorp chair and Time Warner head Richard Parsons as the new Clippers CEO.
— David Aldridge (@daldridgetnt) May 9, 2014
Parsons served as both chairman and CEO after working his way up at Time Warner. He was president and co-COO at the time of Time Warner’s merger with AOL back in 2000.
The Clippers organization has been somewhat in turmoil for the past two weeks. Ever since TMZ released the infamous Donald Sterling audiotape which got the Clippers owner banned from the NBA for life, the Clippers franchise has seen dominoes fall.
Team president Andy Roeser, who has been with the organization since 1986, was forced to take a leave of absence, leaving the team without much (or any) leadership at the top. The NBA announced it would search for a new team president earlier in the week, though Parsons will take over with a slightly different title: interim CEO, not interim president.
In a press release from the NBA, commissioner Adam Silver released an extended statement:
“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization. Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”
Parsons, who played college hoops at the University of Hawaii before receiving his law degree from Albany Law School in 1971, made his first statement as Clippers’ interim CEO, as well:
“Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured. 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.”