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Spurs CEO Holt steps down after 20 years

AP

San Antonio Spurs CEO and chairman Peter Holt, whose selfless ownership is credited with helping the team win five NBA championships, is retiring after 20 years running one of sports’ elite franchises.

He will be replaced as CEO by his wife, Julianna and, at her request, Spurs president of business operations Rick Pych. The team said Wednesday that Peter Holt will remain on the team’s board of managers, but his wife will take over his role on the NBA’s Board of Governors. Peter Holt has served as chairman of that board.

Holt first joined the Spurs as a minority owner in 1993, but was named CEO and chairman in 1996 after becoming the team’s largest shareholder.

“I’m proud of what we’ve achieved over the last two decades,” said Holt, whose family owns Holt Cat machine and equipment company. “The championships are wonderful . . . but the biggest accomplishment for me will always be the impact we’ve had in our community. . . .”