BEREA -- The Cleveland Browns have introduced Joe Banner as the team's CEO at a morning news conference.

The move comes one day after the NFL approved Jimmy Haslamas the team's new owner.

Banner is a former president of the Philadelphia Eagles. He starts his new job with the Browns on October 25. That's the day the $1 billion sale of the team closes.

Team president, Mike Holmgren says he will remain with the team for the rest of the year but retire at season's end.