Photo Credit: NBA.com
After holding the positions for the last two decades, Peter Holt has unexpectedly retired from being CEO and Chairman of San Antonio Spurs LLC per a release Wednesday evening. His wife Julianna Hawn Holt has accepted both roles effective immediately. The board of managers has also named current President of Business Operations of Spurs Sports & Entertainment Rick Pych co-CEO at the request of Julianna.
You can read the official release at the link above or more about Julianna here, but if I can be a little biased for a moment Peter Holt was at the helm of one of the best sports franchises in the country for 20 years. He deserves a place in the murals with David Robinson, the Big 3, Kawhi, and Pop. The Holt family’s implementation of Value Based Leadership has been evident in every facet of the organization from pillars like David Robinson and Becky Hammon to newer additions like Patty Mills and Greg Cochrane.
The importance of Peter Holt’s guidance of the Spurs organization can’t be understated, but the fact that Julianna Hawn Holt and Rick Pych are taking over makes it seem like the departure won’t have major effects in the short term. The Spurs are on a historic run, the Rampage are in the midst of a new affiliation with Colorado Avalanche, and SAFC is preparing to make a splash in its first season of play. Keeping the faces of the ownership group familiar should ensure that everything stays on the track.
Pych was present at a press conference earlier this off-season when USL President Jake Edwards presented San Antonio with its USL franchise. If my memory serves me correctly, Pych was the one who introduced Darren Powell to the public as head coach of the franchise for the first time at that same conference. Peter Holt’s departure shouldn’t worry SAFC fans, but we will be keeping an eye as the season progresses to see if bringing MLS to San Antonio through a quality USL team is still a major goal for SS&E.