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NBA tabs Richard Parsons as Clippers CEO Published: May 9, 2014

The NBA has selected former Citigroup and Time Warner CEO Richard Parsons to serve as the CEO of the Los Angeles Clippers, according to a report from NBA reporter David Aldridge.

Parsons will oversee the team's business operations while the league continues the process of removing current owner Donald Sterling, who was suspended by NBA Commissioner Adam Silver for life after acknowledging making racially charged remarks in a tape recording made public by the website TMZ.

The league settled on Parsons in the last few days, with the 66-year-old executive's background at the highest levels of the business world making him a favored choice for the position.

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