Portland, OR (Sports Network) - The Portland Trail Blazers named Chris McGowan as the new president and chief executive officer of the team on Monday.

McGowan comes to the Trail Blazers from his job as COO of AEG Sports, which runs the reigning NHL champion Los Angeles Kings and the Los Angeles Galaxy of Major League Soccer.

"It is a great day for the Portland Trail Blazers as we welcome Chris to the Northwest," said Trail Blazers Owner Paul Allen. "With his demonstrated leadership with the Kings and Galaxy, I am confident he will find ways to improve the Blazers business performance, which is key to the team's overall success."

McGowan replaces Larry Miller, who resigned from the position in July after a five-year run. He will work with general manager Neil Olshey and head coach Terry Stotts, both of whom were hired earlier this year.

"I am honored to take on this role," said McGowan. "I have always admired the strength of the Trail Blazers' brand and the passion of their fan base and am eager to join the staff as we continue building an organization the city can be proud of."

McGowan will manage all business operations of the team and the Rose Garden.

The Sports Network