Spurs’ Holt steps down as team’s chairman and CEO.

Martin M Dominguez Spurs News

Peter Holt, under whose leadership as chairman and CEO the Spurs grew into one of the premiere franchises in professional sports, has retired from both roles effective immediately. Spurs Sports & Entertainment made the bombshell announcement in a news release Wednesday evening. Rick Pych, president of business operations for SS&E, has been named co-CEO upon Julianna Holt’s request, the Spurs said. “For 20 years the Spurs have been a model franchise under Peter Holt, winning five NBA championships and becoming an anchor of the San Antonio community along with building a global following,” NBA commissioner Adam Silver said in a statement. Renowned as a hands-off owner who allowed his basketball people to make basketball decisions, Holt assumed control of the Spurs in July 1996 when he succeeded USAA chairman Robert F. McDermott as the club’s largest stakeholder…..Read More

Source: Spurs’ Holt steps down as team’s chairman and CEO – San Antonio Express-News