SAN ANTONIO – San Antonio Spurs Chairman and CEO Peter Holt has retired and his wife, Julianna Hawn Holt, will assume both roles, Spurs Sports & Entertainment officials announced Wednesday.
Peter Holt, who has held the position since 1996 when the Holts became the largest Spurs shareholder, will remain on the organization’s board of managers and continue as part of the ownership group while Julianna becomes the team’s governor on the NBA’s Board of Governors.
"I’m proud of what we’ve achieved over the last two decades,” Peter Holt said in a news release. “The championships are wonderful, bringing new sports franchises to San Antonio is important but the biggest accomplishment for me will always be the impact we’ve had in our community. The pride, support and love that our city has for the Spurs is truly amazing.”
Under the Holts’ leadership, the team has won five NBA championships and have made the playoffs 19 straight seasons.
“Our ownership in the Spurs has always been a family affair,” Julianna Hawn Holt said. “For many years, I’ve had the desire to take a more active role with Spurs Sports & Entertainment. We felt this was the right time to make this transition. We are very excited about the current Spurs season and the future of the organization.”