Nick Arison is the new CEO of the Miami Heat.

The team announced the move Friday. Micky Arison remains the managing general partner of the Heat, and his 30-year-old son had been long expected to eventually take over the franchise.

Nick Arison had been the team’s vice president of basketball operations since September 2008.

Nick Arison was a student manager under Mike Krzyzewski at Duke for four years, with the Blue Devils winning four Atlantic Coast Conferences titles in that span.