October 29, 2013 at 9:45 PM CDT - Updated July 21 at 7:41 AM
NASHVILLE (TennesseeTitans.com) - The Titans released a statement today from Tommy Smith on behalf of the Adams families. Longtime owner Bud Adams passed away last week.
"We want to thank all of the friends, family and fans who have reached out to us over the past week to give their condolences and share their stories. It has been a difficult week for all of us and those conversations and letters have kept us going.
As for the Titans organization, we are moving forward with the same goals and a similar structure. As a family, we have agreed that I will be President and CEO of the Titans; and additionally Susie Adams Smith and Amy Adams Hunt will serve as Co-Chairpersons and Kenneth Adams IV will join the Titans board as a Director.
As an organization, we started the year with a plan and we will continue to work towards the goals we have laid out, including a winning season, the playoffs and ultimately building a consistent winner. Through the years, our families and I have been consistently updated on all aspects of the organization from football operations to the business side from those who run those areas and we will continue those interactions on a daily basis. We will be taking all the necessary steps, in concert with the league office, to remain in compliance with league rules in our ownership structure. That process will not be immediate, but it has begun. Until we gain that approval, we will stay out of the spotlight, but know that we are directing the organization and staying informed of daily activities. The continuity and knowledge I have gained in decades of being involved with the team will aid our organization during this transition.
We want our fans to know that we have the best interest of the franchise in mind and we share both Bud's passion for the game and his commitment to the city of Nashville and the Mid-South Region. We are excited for what lies ahead for this franchise and our fans."