News just broke on Twitter, later confirmed by the Deseret News, that Greg Miller, who has been serving as CEO of both the Utah Jazz and Larry H. Miller Group, will step down from those positions to "pursue personal interests."
Greg Miller is indeed stepping down as CEO. More to come.— Aaron Falk (@tribjazz) March 16, 2015
The D-News article, referring to a copy of an LHM press release as its source, says LHM Group owner Gail Miller, the late Larry's widow, will "transition the Group to a new corporate structure, which will include an outside board of directors." Greg's brother Steve Miller will also leave his role as president of Miller Sports Properties.
So what does that mean for Jazz fans? Nothing right away. This news doesn't mean the Millers are giving up ownership of the team. I'd have to think they'll still have a strong say in personnel, operational and basketball decisions.
Told the moves are about the long-term future of the company. There will be an outside board of directors, but biz as usual in Jazz land.— Aaron Falk (@tribjazz) March 16, 2015
Also deserves to be noted, that the Utah Jazz are only a small part of being the CEO of LHM Group...a very public part but small nonetheless— Peter J Novak (@Peter_J_Novak) March 16, 2015
I hesitate to speculate, because I really know nothing about the situation, but this seems like a purely business move to me -- a way for the Millers to fade into the background while others run the properties they own. As far as the Jazz are concerned, the organizational structure is strong, with Randy Rigby still installed as team president, Dennis Lindsey as GM and Quin Snyder as coach. Those pieces don't seem to be going anywhere any time soon.
Still, "purely business" isn't always a phrase that fills me with comfort.
We'll try to get more on this as it develops -- I really want a longer take from Peter on this, since he's got personal executive experience -- but for now, while it's definitely news, it doesn't seem like cause for alarm. Let us know your take in the comments.
Via the Utah Jazz . . .
"I can reassure fans that the Jazz are conducting business as usual and that the changes are designed to keep the LHM Group, including the Utah Jazz, intact as a community asset for future generations. We are grateful to Greg for his many contributions in supporting the Jazz, and look forward to him continuing to serve as our Governor on the NBA Board and as an active member of several NBA executive committees. As owners, the Miller family still runs the Jazz and remains engaged and committed to building a championship-caliber team."
There you have it. - Amar