Joe Lacob, co-Executive Chairman and CEO of the Golden State Warriors, announced today that President Robert Rowell has elected to step down from his position as top executive of the club’s business operations to pursue other business endeavors. The 2010-11 NBA season marked Rowell’s eighth season as the team’s president, and 16th overall with the NBA franchise.

As part of the mutual agreement Rowell will remain on an interim basis to assist Lacob and co-owner Peter Guber in their transition, as an executive search for his replacement will begin immediately.

“Peter and I felt that this was really the right time to mutually come to this decision,” Lacob said. “Bob Rowell has done a good job running the business side of this organization for many years. He has been extremely professional and diligent since the first day that we met him in the acquisition process. We spent a lot of time evaluating this decision and believe that now is the appropriate time for the new ownership team to put our complete stamp on the entire organization.

I want to personally thank Bob for 16 years of commitment to this organization. We believe that previous ownership really put him in a publicly challenging position over the past few years and I have a great deal of respect for how he has conducted himself as a professional.”

“I am thankful for the opportunity to have worked with the best, brightest and most dedicated staff in professional sports,” Rowell said. “Together we were able to achieve many of our business objectives and goals, and laid the framework for some of the future success of this franchise. I also want to thank the many great Warriors fans, as well as the many Bay Area business and community partners, for their unconditional support of Warriors Basketball.

I wish Joe and Peter all the best in their quest to raise the next banner at Oracle Arena, and know that great things lay ahead for this franchise under their commitment and leadership.”