Tad Brown has agreed to become the CEO of the Philadelphia 76ers and New Jersey Devils.

Brown recently left the Houston Rockets, where he was CEO for the past 15 years and was also the franchise's representative on the NBA's Board of Governors. Brown stepped down from his position with the Rockets in April.

Brown will reunite with Daryl Morey.

"Tad has an extensive track record of success in the sports and entertainment industry, and we are excited to have him on board to lead our elite management team for HBSE's next chapter," co-founder David Blitzer said in a statement. "With his experience and passion for growing businesses and global brands, he is poised to continue our organization's path forward and reach new levels of achievement."