PHILADELPHIA -

Philadelphia Eagles team president Joe Banner is stepping back from the team's day-to-day operations and taking on an advisory role.

In a news conference streamed live on WFMZ.com Thursday afternoon, team owner Jeffrey Lurie announced Banner will be succeeded as president by chief operating officer Don Smolenski.

Banner has occupied a leadership role with the team since it was purchased in 1994 by Lurie, his longtime friend. He'll stay on as an adviser to Lurie.

Smolenski joined the Eagles in 1998 as vice president and chief financial officer before being chosen chief operating officer in 2010. He was previously the CFO of the International Hockey League.