The Los Angeles Lakers have named Elaine Shen Chief Financial Officer.
Shen will oversee all financial aspects of the Los Angeles Lakers, shaping strategic growth, driving profitability and creating continued value for the global franchise. In a related move, Joe McCormack will shift to an executive advisory role as Senior Vice President of Finance for the Lakers.
Shen joined the Los Angeles Lakers in 2016 and has held a variety of strategic roles across the organization in both business and basketball operations. Most recently, Shen served as the Lakers Associate Chief Financial Officer.
“Elaine Shen is an exceptional leader and catalyst for success,” said Los Angeles Lakers President of Business Operations Lon Rosen. “She brings an artful and considerate approach to every table, combined with the ability to build consensus and make tough decisions. Elaine is a trusted advisor and the perfect modern CFO to help lead the next stage of transformation for the Los Angeles Lakers.”
Prior to the Lakers, Shen worked at Aon and Wachovia Bank. Shen is a graduate of the University of Pennsylvania and earned her Master of Business Administration at UCLA Anderson School of Management.