According to
The Tennessean, Tommy Smith, Bud’s son-in-law, is the team’s new president and CEO (it must’ve been someone else who died in an auto accident, because he's the one who previously worked for the Oilers). Bud’s two daughters and the family of his deceased son each own a third of the team. His daughters will serve as co-chairwomen of the board of directors and the grandson mentioned above (Kenneth Adams IV) will also be on the board. Under NFL rules they will need to eventually select a single controlling owner.