The Dallas Mavericks basketball team will go from one historic CEO to another.
At a press conference on Wednesday, the organization named Rick Welts, a hall-of-famer, to replace Cynt Marshall, the first Black female CEO of any NBA team.
“I am delighted to pass the baton to my friend and to arguably the best who’s ever done the job of leading business operations of an NBA team,” said Marshall as she handed a black baton to Welts.
Marshall announced her retirement as CEO in the fall. She will retire on Dec. 31 and transition to a consulting role through 2025.
Welts is set to take over on Jan. 1, 2025. Marshall said Welts had supported her for years.
“Rick actually sent me an email before I even knew that I had a Dallas Mavericks email account to offer his expertise,” she said.
Marshall also shared a story about her first visit back to the San Francisco Bay Area …