Rick Schnall serves as Co-Chairman & Governor of the Charlotte Hornets and Hornets Sports & Entertainment. Along with Gabe Plotkin, Schnall led the group that purchased the Hornets from Michael Jordan in August 2023. Prior to purchasing the Hornets, Schnall had been a minority owner of the Atlanta Hawks and an alternate governor on the NBA Board of Governors since 2015. Schnall is co-president of Clayton, Dubilier & Rice LLC, where he has worked for 27 years. He is a member of the Investment and Executive committees.