After nearly 20 years with the Timberwolves and Lynx, Rob Moor is stepping down as CEO for the two teams and will transition to a role that will assist in the oversight of owner Glen Taylor's holdings and business interests.
"I am extremely proud of the direction of the Timberwolves and the accomplishments of the three-time WNBA champion Lynx," Moor said in a release.
"It has been an honor to work with such a great group of fellow professionals."
Moor said he will assist in the process of moving the Taylor family's assets to a foundation.
"The management and oversight of over this diverse portfolio of companies requires more involvement by the family than they have in the past," Taylor, said in a statement.
"Thus, I have asked Rob to join me in support of the oversight of these companies."
Moor assisted Taylor, who also owns the Star Tribune, in the purchase of the Timberwolves in 1995 and helped with the acquisition of a WNBA franchise in 1998.
After about 10 years as team president, Moor became chief executive officer of both teams in 2004. His replacement as CEO of the Wolves and Lynx will be determined in the near future.