NEW YORK – Jason Glen Cahilly will step down as the NBA’s Chief Strategic and Financial Officer on June 30, 2017, it was announced today by NBA Commissioner Adam Silver. Cahilly, 46, will continue to serve as a senior adviser to Silver.
“Jason has played an integral role in the NBA’s growth over the past four years,” said Silver. “He has been an agent of change in helping us set strategic and investment priorities for the league on a global basis. Jason has also developed a talented team including J.B. Lockhart, who is being promoted to Chief Financial Officer. We are pleased that Jason will continue as an adviser to me, and fully expect he will enjoy great success in the next phase of his career.”
“The decision to step down from the NBA was an exceptionally difficult one,” said Cahilly. “The NBA is a special organization and is in great hands to continue its global growth. It’s been an honor to work with Adam, my other colleagues, the owners and many of the current and former players over the years. It is bittersweet, but I am excited to move on to the next chapter while remaining connected to the league.”
Cahilly has been in his current role since January 2013. Prior to joining the NBA, he had more than 17 years of experience in the media and entertainment field as an adviser and principal investor. Most recently, he served as Partner and Global Co-Head of Media & Telecom within the Investment Banking Division at Goldman Sachs & Co., and led several of the most important transactions in the sector. Cahilly also served as the head of Principal Investing for Goldman’s Technology, Media & Telecommunications Group and was a founding member of the Internet Investment Committee, among other roles.
Lockhart, 40, who becomes the league’s new CFO upon Cahilly’s departure, has spent more than three years at the league office spearheading the financial reporting and analysis of NBA, WNBA and NBA Development League teams as Senior Vice President, Team Finance & Strategy. He has been instrumental on the NBA’s leaguewide financing program, team ownership transactions, collective bargaining agreement, arena projects, league investments and other strategic initiatives.
Prior to joining the NBA in November 2013, Lockhart was a Managing Director with Teneo Capital, where he led the firm’s media and entertainment merchant banking practice. Before joining Teneo, Lockhart was a Principal at Greenhill & Co.’s venture capital fund. He previously held positions with The Walt Disney Company’s Strategic Planning Group, where he focused on business development and M&A initiatives, and Lehman Brothers in both the Communications, Media & Entertainment Group and the Strategy & Technology Group. Lockhart received a B.A. with honors from Yale University and an M.B.A. from Harvard Business School.