Browns' Holmgren out; sale approved
pdated Oct 16, 2012 1:41 PM ET
New Cleveland Browns
owner Jimmy Haslam isn't wasting time rebuilding his moribund franchise.
Shortly after his takeover was officially approved by NFL owners on Tuesday, Haslam will remove current team president Mike Holmgren and replace him with former Eagles CEO Joe Banner.
Haslam confirmed in a Tuesday news conference that Holmgren will leave the Browns organization at the end of the season and will retire.
"We are going to bring in Joe Banner," said Haslam, adding that Holmgren and Banner would work together on the transition. "Joe will be the CEO of the team, and that will be effective on Oct. 25.
"He will be in charge of the daily operations of the organization. Football will report to Joe. We will be heavily involved."
Haslam was asked whether he tried to talk Holmgren from an ourtright retirement from the Browns' organization.
"Mike had exactly in his mind what he wants to do, what he wants to do with the rest of his life," said Haslam, who confirmed the talks to replace Holmgren had been ongoing for some time but ramped up Sunday night as the move was being finalized within the organization.
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