Timberwolves, Lynx CEO Rob Moor steps down

MINNEAPOLIS - 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.''