Colorado Springs, CO -- (Sports Network) - Jerry Colangelo, the chairman and managing director of the Phoenix Suns, has been elected as chairman of USA Basketball's Board of Directors for the 2009-2012 term.

Colangelo, who is currently the senior men's team chairman and managing director, will succeed USA Basketball President Val Ackerman.

"I'm honored to have this opportunity, and I look forward to serving USA Basketball over the next four years," said Colangelo. "There's a great legacy at USA Basketball, and my goal is to continue to grow our game on every level."

During the three-year period between 2006-08, USA Basketball's Senior National Team compiled a 36-1 record. Colangelo helped to develop that team, including the hiring of head coach Mike Krzyzewski of Duke. The squad reclaimed the Olympic basketball gold medal in Beijing.