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Minnesota Timberwolves, Lynx CEO Rob Moor steps down

Portland Trail Blazers v Minnesota Timberwolves

MINNEAPOLIS, MN - NOVEMBER 2: The Flip Saunders memorial patch is seen on the jersey of Kevin Garnett #21 of the Minnesota Timberwolves during the fourth quarter of the home opening game against the Portland Trail Blazers on November 2, 2015 at Target Center in Minneapolis, Minnesota. The Trail Blazers defeated the Timberwolves 106-101. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Hannah Foslien/Getty Images)

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MINNEAPOLIS (AP) — Rob Moor, the longtime CEO of the Minnesota Timberwolves and Lynx, is stepping down.

The Wolves and Lynx made the announcement on Friday. The teams say Moor will transition to a role that assists owner Glen Taylor in overseeing his business interests.

Taylor says he needs more help with the business side of his affairs as he continues planning for eventual successors both as owners of the franchises and stewards of Taylor Corp.

Moor served as CEO for both teams since 2004 and helped Taylor execute the purchase of the Timberwolves in 1995.

Taylor says a new CEO will be determined “in the near future.”