Earvin Magic Johnson Appoints Eric L. Holoman as New President of Johnson Development Corporation

Eric L. Holoman (Photo: Business Wire)

LOS ANGELES--()--Johnson Development Corporation, one of the nations leading urban development companies, chaired by basketball legend and entrepreneur Earvin Magic Johnson, announced the appointment of Eric L. Holoman to the role of president effective immediately.

As president, Mr. Holoman will manage and direct the corporations day-to-day operations including strategy, finance and business development. He will also expand the companys capital markets presence and oversee the organizations prestigious partnerships with Burger King Corporation, Canyon-Johnson Urban Fund, L.P., T.G.I.Fridays, Starbucks Coffee Company and Washington Mutual Home Loan Centers.

We are very pleased that Eric Holoman will be joining Johnson Development Corporation as its president, said Earvin Johnson Jr., Chairman. Eric brings with him a wealth of experience in business, finance and banking. He also has an extensive background in leading large, diverse organizations. His versatility and knowledge will serve him well as he leads the corporation forward, helping to shape important decisions related to urban investment and development.

Prior to joining Johnson Development Corporation, Mr. Holoman served as president of Holoman Food Services, Inc., overseeing the operation of multiunit fast food franchises in inner-city Los Angeles. He later worked for Bank of America, first as a senior investment specialist and later as vice president of high net worth sales for the private bank. He went on to become senior vice president and regional sales manager of Wells Fargo Banks Private Client Services Division and concluded his career at Wells Fargo as head of the private mortgage bank in Los Angeles.

Mr. Holoman was appointed to the Los Angeles City Employees Retirement System (LACERS) by Mayor Antonio Villaraigosa and currently serves as its President. He also holds several professional designations and licenses with the National Association of Securities Dealers (NASD). Mr. Holoman has a degree in Finance from the University of Southern California.

About Johnson Development Corporation

Founded in 1992, Johnson Development Corporations mission is to be the nations foremost development company enriching and entertaining underserved markets across the country by providing entertainment complexes, restaurants and retail centers in these markets. Execution of these independent activities is accomplished through 50/50 partnerships with several of the most successful businesses in their market categories. Currently, Johnson Development Corporation has relationships with AMC, Canyon-Johnson Urban Fund, L.P., Starbucks Coffee Company, Burger King, T.G.I.Fridays and Washington Mutual Home Loan Centers. For more information please visit www.johnsondevelopmentcorp.com.

About Magic Johnson Enterprises

Magic Johnson Enterprises is the hub of the Magic Johnson business empire and steers the direction of the brand for business development and expansion. The company handles asset acquisitions, endorsements, licensing, personal appearances, urban marketing and business-to-business relationships. Magic Johnson Enterprises specializes in urban business development. It oversees the daily operations of the Magic Johnson Brand and partnerships including: 24 Hour Fitness, Cadbury Schweppes, Magic Johnson Travel Group, SodexhoMagic and TNT. For more information please visit www.magicjohnsonenterprises.com.

Contacts

Magic Johnson Enterprises
Tammy Warren, 310-247-1994
tammyw@magicjent.com
or
Stefannie Bernstein, 310-247-1994
sbernstein@magicjent.com

Contacts

Magic Johnson Enterprises
Tammy Warren, 310-247-1994
tammyw@magicjent.com
or
Stefannie Bernstein, 310-247-1994
sbernstein@magicjent.com