David Levy and the Brooklyn Nets have parted ways after just 55 days as CEO.
Levy was previously president of Turner Broadcasting.
"I want to thank David for his collaboration over the past several months and wish him well in his future endeavors,” Oliver Weisberg, CEO of J Tsai Sports and Tsai's family office and who steps in as interim CEO of the Nets and the Barclay Centre, said in a statement.
"As we enter an exciting next chapter of our organization, it’s important that ownership and management are completely aligned on our go forward plan. We are proud of the culture of the Brooklyn Nets under the leadership of general manager Sean Marks and head coach Kenny Atkinson, and we look forward to continue bringing the best experience to our fans," he added.