Former Time Warner Cable chairman Dick Parsons has been named interim CEO of the Clippers, NBA commissioner Adam Silver announced Friday (May 9).

Two weeks ago Silver inflicted a lifelong ban on disgraced Clippers owner Donald Sterling, after the 80-year-old was recorded making racist comments. Parsons will assume the leadership role while the league works to get Sterling to sell the team.

"I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization," Silver said in a press release. "Dick's credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility."

Parsons brings years of business experience to the table. He ran TWC from 1995 to 2007 and served as chairman of Citigroup from 2009 until 2011. 

"Like most Americans, I have been deeply troubled by the pain the Clippers' team, fans and partners have endured," Parsons said in a statement. "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."

Sterling has been mostly silent since the taped conversations with his alleged mistress, V. Stiviano, were made public. However, in two new recordings, the billionaire denies being racist and claims that he made the inflammatory comments because he was "jealous."

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(Photo: Ramin Talaie/Bloomberg via Getty Images)