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Heat Promote Nick Arison To CEO

MIAMI (CBSMiami.com) – The Miami Heat have named Nick Arison to be the team's new chief executive officer. If the name rings a bell, that's because Nick's father Mickey, is the owner of the Miami Heat.

Mickey Arison will remain with the team as the managing general partner.

"This is something Nick has been working towards his whole life. He's more prepared for this job than I was at his age when I became CEO of Carnival," Mickey Arison said in a statement. "I have the utmost confidence that Nick will continue to lead the Heat as a model NBA franchise for many years to come."

"Nick is an extraordinary, special young man and will serve the Heat in a highly professional manner," said Heat President Pat Riley. "Congratulations to Nick; he has earned it."

Nick has served as the Heat's vice-president of basketball operations since September 2008.

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