Suns owner Robert Sarver will be retiring as executive chairman of Western Alliance Bancorporation in June, the company announced on April 7.
Sarver, who also owns the WNBA’s Mercury, has been with the company for 20 years. The company also announced Steve Hilton, who is a minority owner of the Suns per ESPN, will be retiring as well, most recently serving as the director of its board of directors.
“It’s been an honor to serve as executive chairman of Western Alliance Bancorporation,” Sarver said via a statement. “I want to offer my sincere appreciation to our employees, whose hard work and dedication have allowed us to achieve so much during my 20 years with the company. With the company well positioned for continued success and growth, the time is right for me to begin a new chapter. I will always cherish and be grateful for the experiences I have had and relationships I have made during my time at Western Alliance. I have the utmost confidence in the executive team and the oversight of our highly experienced and capable Board moving forward.”
