Report: Bob Vander Weide retiring

Updated: December 6, 2011, 1:46 PM ET
Associated Press

ORLANDO, Fla. -- Bob Vander Weide is retiring as Orlando Magic chief executive officer, and team president Alex Martins is being promoted to replace him, a person familiar with the decision said.

The person spoke to The Associated Press Tuesday on condition of anonymity because the Magic have not announced the moves. The team has scheduled a Wednesday news conference.

Vander Weide, the 52-year-old son-in-law of team owner Rich DeVos, became CEO in 2010 after serving as team president ...

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