Haslam will have a news conference later today at the team’s training facility to give more details on the changes.
The moves come one month after the Browns finally hired coach Mike Pettine after a 25-day search. Banner and Haslam fired coach Rob Chudzinski after one season.
Farmer was pursued by Miami to be the Dolphins’ GM, but decided to stay with the Browns.
Banner, who previously worked in Philadelphia, was hired by Haslam to run the team shortly after his ownership was approved by the league in 2012.
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