Pistons CEO out as part of business-side shake-up

Detroit Pistons CEO Alan Ostfield has been fired by the team’s

new ownership.

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.