NBA names Richard Parsons Los Angeles Clippers’ CEO

Since Los Angeles Clippers’ owner Donald Sterling was caught making disparaging remarks about African-Americans, the NBA has been doing everything they can to punish Sterling and distance themselves from him.

First, the Clippers’ fined Sterling the maximum amount they are allowed, $2.5 million and banned him from the NBA for life. They are also going to attempt to force Sterling out of an ownership role and even will try to keep any member of his family, including his estranged wife, Shelly Sterling, from assuming control.

Earlier in the week, Clippers’ President Andy Roeser was placed on indefinite leave.

On Friday, the NBA named Richard Parsons the Los Angeles Clippers’ new CEO to handle day-to-day business.

“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” commissioner Adam Silver said. “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.”

Parsons formally worked for CitiCorp and Time Warner.