Today the Portland Trail Blazers announced the departure of its president, Larry Miller.
A press release says Miller opted to take a job with a company in Portland, but the company was not identified.
Miller said he enjoyed his time with the Blazers. "It was an incredible experience and I'll be forever grateful to Paul Allen for giving me the opportunity and honor to lead what I believe to be one of the best teams in all of sports."
In a statement, owner Paul Allen characterized Miller's departure as "sad."
"Larry helped manage a period of significant growth and I wish him all the best as he takes on this opportunity," stated Allen.
During Miller's tenure, the Blazers returned to the postseason for the first time in six seasons, making three straight trips to the playoffs from 2009-2011. Portland was 28-38 last season and missed the playoffs.
Miller was president of the Blazers the past five years. He helped oversee the team's hiring of Neil Olshey as general manager early last month.
Until a replacement is found, Olshey will head up the team's operations and its business will be by Chief Operating Officer Sarah Mensah.
(Copyright 2012 by The Associated Press. All Rights Reserved.)