Komoroski became president of the Cavaliers in 2003, two years before Rocket Mortgage founder Dan Gilbert acquired the team, and started as CEO in 2013. He will stay affiliated with Gilbert’s Rock Entertainment.
Gilbert, who is also the Cavs’ chairman, said in a statement, “I cannot overemphasize the value of Len’s contributions to the Cavaliers, Rocket Mortgage FieldHouse, and the entire Cleveland community.”