Pistons CEO out as part of business-side shake-up
Detroit Pistons CEO Alan Ostfield has been fired by the team’s
Ostfield became president and CEO of both the Pistons and Palace
Sports & Entertainment last year. The team was purchased about
a month ago by Platinum Equity chairman Tom Gores in a deal that
included Palace Sports.
Ostfield remained upbeat Thursday, saying the move wasn’t a huge
”I knew a year and a half ago when I agreed to step into the
position, I knew what we were going through as an organization was
going to be tough,” he said. ”I had some amazing experiences. …
I’m just happy to take those experiences on to the next phase of my
Platinum Equity partners Phil Norment and Bob Wentworth will
share PS&E leadership responsibilities on an interim basis.
”We have made some changes as part of an overall realignment of
the business side of the organization,” Norment said in a
statement. ”We appreciate Alan’s contributions, but have decided
to move in another direction. The search for a President of
Business Operations will be completed as quickly as possible.
PS&E is also looking to expand its sales force and is in the
process of hiring additional sales representatives.”
Joe Dumars remains in place as team president and is responsible
for basketball operations.
Gores bought the team from Karen Davidson after a lengthy
process that lasted through all of last season. Ostfield helped
oversee the transition.
”We’re all proud of what we did,” Ostfield said.