The NBA has named Dick Parsons interim CEO of the Los Angeles Clippers.
League Commissioner Adam Silver announced Friday that the former Citigroup chairman, Time Warner chairman and CEO will take the position, effective immediately.
"I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization," Silver said, according to a recent press release. "Dick's credentials as a proven chief executive speak for themselves, and I am extremely grateful he accepted this responsibility."
Parsons currently serves as a senior advisor at Providence Equity Partners and is a member of the Commission on Presidential Debates' board of directors.
Following Silver's announcement, Parsons said:
"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."
(Follow Carrie Healey on Twitter @CarrieHeals.)