Dick Parsons, former chairman of Citigroup and Time Warner, was named on Friday as interim chief executive officer of the Los Angeles Clippers by the National Basketball Association, replacing Donald Sterling, who was suspended for life because of racist comments.
Commissioner Adam Silver of the NBA said Parsons, a senior advisor at Providence Equity Partners who sits on the board of directors for the Commission on Presidential Debates, will take over immediately.
“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” said Silver, who made the Sterling decision. “Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”
Parsons played basketball at the University of Hawaii, and after graduation he earned a law degree from Albany Law School in 1971 and began his legal career as a staff lawyer for New York Gov. 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.
“Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured,” Parsons 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. … “
Parsons’ extensive list of accomplishments include having served as a member of President Barack Obama’s economic advisory team.
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