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Wednesday, Jun 19, 2024

CFO Awards: Private Company CFO of the Year (Medium Company)

Eric Chan

L.A. Clippers

L.A. Clippers chief financial officer Eric Chan leads the organization’s financial operations, including establishing and implementing long-range financial strategy, policies and goals and leading financial project management for all Clippers operations. In just his second year in the role, Chan has already made a tremendous impact, from creating better processes, to executing major initiatives and increasing profit.

The global pandemic has brought unforeseen challenges to businesses and the economy, and Chan has helped navigate the Clippers through it. With the NBA season on hiatus for four months, Chan led expense optimization and revenue maximization for the organization. Despite the challenging climate, the Clippers achieved record revenues. Additionally, Chan assisted in the business integration of the Clippers with the world class live entertainment venue the Forum, which was acquired by Clippers Chairman Steve Ballmer. Other initiatives led by Chan at the Clippers include implementing KPI-tracking dashboards to create departmental transparency and accountability, creating better productivity management and conducting zero-based budgeting processes.

Before joining the Clippers, Chan served as CFO for The Bouqs Company (2017-18) and Loot Crate (2015-17). At Loot Crate, Chan received the Los Angeles Business Journal CFO Rising Star Award and the company was named the Fastest Growing Company in the Unites States by Inc Magazine. Chan also previously served as the Senior Vice President of Finance at Mattel Inc., where he oversaw financial and operational matters across brands such as Barbie, Hot Wheels, Fisher Price and American Girl.

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