The Charlotte Bobcats announced on Monday that Fred Whitfield, a close associate of Michael Jordan's, will be named team president.

Whitfield once served as director of player personnel for the Washington Wizards when Jordan ran the overall basketball operation. Jordan invested in the Bobcats this spring and now has oversight authority over the team's basketball operation.

Ed Tapscott resigned as team president in May, rather than be demoted to a position of less authority.