Peter J. Holt succeeds his mother as Spurs chairman and co-CEO

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SAN ANTONIO – Peter J. Holt has succeeded his mother as chairman and co-chief executive officer of Spurs Sports & Entertainment, the Spurs announced Friday.

Julianna Hawn Holt, Peter J. Holt's mother, had held those posts since March 2016, when she succeeded her husband Peter M. Holt after he stepped down following a 20-year stint as the franchise's boss.

The Spurs also announced Friday that Peter J. Holt and his sister Corinna Holt Richter would succeed their parents on the organizations board of managers.

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"We are excited to have Peter and Corinna assume leadership roles within Spurs Sport & En-tertainment," SS&E president and co-CEO Rick Pych said in a statement. "Their values and business acumen will be key assets to our organization. The success and stability the Spurs have enjoyed under the leadership of the Holt family is remarkable. Logical succession planning has always been im-portant to the Holt family, and we are thrilled that the family's legacy will be sustained through their continued dedication and vision."

The Spurs have won five NBA titles since the Holts joined the franchise's ownership group in 1996.

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Holt Cat CEO and General Manager Peter J. Holt and his sister, President and Chief Administrative Officer Corinna Holt Richter sit for an interview at their headquarters Thursday, Jan. 11, 2018. They took over the company at the start of the year. less Holt Cat CEO and General Manager Peter J. Holt and his sister, President and Chief Administrative Officer Corinna Holt Richter sit for an interview at their headquarters Thursday, Jan. 11, 2018. They took over ... more Photo: JERRY LARA / San Antonio Express-News Photo: JERRY LARA / San Antonio Express-News Image 1 of / 18 Caption Close Peter J. Holt succeeds his mother as Spurs chairman and co-CEO 1 / 18 Back to Gallery

"We are humbled to carry on the legacy that our parents created," Peter J. Holt said in a statement. "Corinna and I have grown up celebrating the growth and success of the Spurs and, like many San Antonians, our fondest memories are linked with the team. Understanding the deep love our community has for the Spurs, we'll always strive to put our fans first in everything we do. We are excited to continue to learn from the exceptional individuals who make up the Spurs ownership group and leadership team.

Julianna Hawn Holt filed for divorce from Peter M. Holt in February 2018.