From Spurs press release:
Spurs Sports & Entertainment today announced that Peter M. Holt has retired as the organization’s Chairman and CEO and that Julianna Hawn Holt will assume both roles. Peter has held the position since 1996 when the Holts became the largest shareholder in San Antonio Spurs, LLC. Peter will remain on the organization’s board of managers and continue as part of the ownership group while Julianna will become the team’s Governor on the NBA’s Board of Governors.
“I’m proud of what we’ve achieved over the last two decades,” said Peter Holt. “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.”