Dick Parsons will take over the Clippers on an interim basis. (Emmanuel Dunand/AFP/Getty Images)
The NBA named Dick Parsons, former Citigroup chairman and former Time CEO, as interim CEO of the Los Angeles Clippers on Friday, as first reported by David Aldridge of NBA.com.
The league announced last week its plan to appoint a CEO to supervise the team's operations in the wake of Donald Sterling's lifetime ban by NBA commissioner Adam Silver.
It was announced Tuesday that Clippers president Andy Roeser was placed on indefinite leave of absence to sever immediate ties to Sterling and clear the way for the new CEO.
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Parsons, 66, was president of Time Warner when the company merged with AOL in what is considered by many to be one of the worst big business transactions in history
. He is currently a senior advisor at Providence Equity Partners and on the board of directors of Madison Square Garden.