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Friday, May 9, 2014

Former Citigroup and Time Warner Chairman, Dick Parsons, Named Interim CEO of L.A. Clippers





The NBA has named Dick Parsons the interim CEO of the Los Angeles Clippers, effective immediately.
Parsons is former CEO of Citigroup as well as former CEO of Time Warner.  He currently is a senior advisor at Providence Equity Partners and sits on the board for the Commission on Presidential Debates.
"I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization," said Commissioner Silver. "Dick's credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility."
"Like most Americans, I have been deeply troubled by the pain the Clippers' team, fans and partners have endured," said Parsons. "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 played basketball at the University of Hawaii, prior to earning a law degree from Albany Law School in '71.
He was a staff lawyer for New York Governor Nelson Rockefeller. When Rockefeller was appointed Vice President of the United States, Parsons followed him to Washington, where he also worked closely with President Gerald Ford.
Parsons' extensive list of accomplishments also includes having served as a member of President Barack Obama's economic advisory team.

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