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November 23, 2014

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NBA picks former Citigroup, Time Warner chairman as interim Clippers CEO

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Al Behrman/AP

The NBA has chosen Dick Parsons, former Citigroup chairman and former Time Warner chairman and CEO, as interim CEO of the Los Angeles Clippers.

NEW YORK — The NBA has chosen Dick Parsons, a former Citigroup chairman and former Time Warner chairman and CEO, as interim CEO of the Los Angeles Clippers.

Parsons will oversee the franchise while the league tries to force owner Donald Sterling to sell it on the heels of his lifetime ban for making racist remarks.

NBA Commissioner Adam Silver sayid Friday in a statement that Parsons would “bring extraordinary leadership and immediate stability to the Clippers organization.”

With Sterling banned from anything to do with the team or league, and Andy Roeser, the team president, on an indefinite leave of absence, the league and Clippers worked together to find a CEO.

Parsons, who has also been on President Barack Obama's economic advisory team, said he had been "deeply troubled" by the Clippers' situation.

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