Portland Trail Blazers president and CEO Chris McGowan resigns

Dewayne Hankins, the team’s chief commercial officer and executive vice president, will be promoted to team president, Chris Haynes of Yahoo Sports reports.

PORTLAND, Ore. — In an unexpected development Friday morning, Chris McGowan resigned as president and chief executive officer of the Portland Trail Blazers. Dewayne Hankins, the team’s current chief commercial officer and executive vice president, will be promoted to President of Business Operations.

Chris Haynes of Yahoo Sports first reported the news about McGowan’s resignation and Hankins’ promotion.

In a statement released after Haynes’ report, McGowan confirmed that he has resigned from the team. “After careful consideration over the summer,

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