The first major change to Palace Sports & Entertainment's business affairs under the ownership of Tom Gores came down today: President and CEO Alan Ostfield was relieved of his duties.

“We have made some changes as part of an overall realignment of the business side of the organization,” Platinum Equity representatives Phil Norment and Bob Wentworth said in a joint release. “We appreciate Alan’s contributions, but have decided to move in another direction. The search for a president of business operations will be completed as quickly as possible. PS&E is also looking to expand its sales force and is in the process of hiring additional sales representatives.”

Norment and Wentworth are partners in Platinum Equity, the Los Angeles-based private equity firm founded by Gores. They are based in Boston but will handle PS&E affairs until a hire is made.