PORTLAND, Ore. — Trail Blazers President and Chief Executive Officer Chris McGowan has decided to step down after nine years in the position.
Chief Commercial Officer and Executive Vice President Dewayne Hankins will take over as the team’s new president of business operations.
McGowan’s resignation is effective on Nov. 26. He released a statement thanking the Blazers organization and its fans.
“It has been a pleasure serving our passionate fans and team partners, and I wish nothing but continued success to everyone in Rip City,” he said.
McGowan also serves as chief executive officer of Vulcan Sports & Entertainment. Seattle-based Vulcan Inc. is the privately held company founded by the late Paul Allen.
McGowan’s resignation comes amid an outside investigation into workplace concerns surrounding the organization.