Lakers promote Elaine Shen to chief financial officer

The Los Angeles Lakers have named Elaine Shen as their new Chief Financial Officer, effective immediately. Shen previously held the position of Associate Chief Financial Officer within the organization. She will oversee all financial operations for the franchise, succeeding Joe McCormack, who transitions to Senior Vice President of Finance. Shen has been part of the Lakers since 2016 and has worked in various roles related to both business and basketball operations. Her appointment is part of broader changes in the Lakers' front office under new owner Mark Walter.

• 5:23 PMYahoo Sports — Lakers Promote UCLA Alum Elaine Shen to Chief Financial Officer