The president and chief executive officer of the Madison Square Garden Co. suddenly stepped down after two years on the job. According to The Hollywood Reporter, David “Doc” O’Connor exited the company, which owns the sports arena along with the New York Knicks, New York Rangers and other holdings.
“O’Connor was replaced on an interim basis by Executive Chairman James Dolan, the company said Monday without offering any reasons for the sudden change in leadership,” THR reports, adding: “O’Connor is best known in Hollywood as one of the primary managing directors who took control of CAA after founder Michael Ovitz left the agency to become president of the Walt Disney Co.”
THR adds: “The controlling Dolan family split MSG from MSG Networks more than two years ago, and in July 2015 hired O’Connor to run MSG, given his relationships with artists and the company’s focus on live sports and entertainment.”
The company issued a statement today that reads in its entirety: “The Madison Square Garden Co. today announced that David O’Connor has stepped down as president and CEO, effective immediately. James Dolan, executive chairman, has assumed the additional role of interim CEO.”