STILLWATER — Chad Weiberg is replacing Mike Holder as athletic director for Oklahoma State University as of July 1.

Outgoing Oklahoma State University President Burns Hargis met with the OSU/A&M Board of Regents Friday. He recommended Mike Holder’s appointment as athletic director emeritus to recognize him over the past 16 years and the selection of Weiberg as athletic director.

Weiberg is signing a four-year contract at $750,000 annually.

“I am confident Chad will build on the excellence our athletic programs have enjoyed under Mike Holder. The future is bright for Oklahoma State’s athletics, and I am excited and look forward to cheering our men and women’s teams in the coming years,” Hargis said.

Hargis said a part of the transition is the continued involvement of Holder in the athletic department as a special advisor.

“It is hard to describe the magnitude of the impact Mike Holder has had on Oklahoma State Athletics during his 16-year tenure,” said Rick Davis, Chair of the OSU/A&M Regents. “He has elevated our athletic program to a level once unimaginable in national prominence and prestige by developing and building athletic facilities on par with any in the nation. The athletic village envisioned by Mike and his dear friend and our beloved alum, Boone Pickens, faced a lot of doubters in the beginning who questioned if it was even possible or practical. The inauguration of the $70 million O’Brate collegiate baseball stadium this past week marks another capstone achievement under the leadership of Mike Holder. We are grateful to Mike for his historic facility development, fundraising achievements and leadership in guiding the department which includes several conference and national championships.

Holder will continue to raise funds and work on facility development. “Today is about the future of Oklahoma State University athletics. Chad Weiberg is the new sheriff in town and he needs all of us to saddle up and ride for the brand. Get ready Cowboys and Cowgirls. If you do your part, then the best is yet to come,” said Holder.

Hired in May 2017, Weiberg returned to Oklahoma State University as the department’s deputy director, where he has served as the chief operating officer. Weiberg’s degrees from Oklahoma State University include a Bachelor of Business Administration and a Master of Business Administration.

“I am humbled by this opportunity. I want to thank the Regents, President Burns Hargis, and Mike Holder, and I am honored to be entrusted with the responsibility of building on their successes. I have loved Oklahoma State since my dad, Mick, coached on Paul Hansen’s basketball staff in the 1980s. It is a special place with special people and a storied athletic tradition. We have exceptional coaches, remarkable student-athletes and an incredible staff. Coach Holder has done more at OSU than anyone imagined possible since he became athletic director. He put us in position to be competitive on a national level, transformed our facilities and helped us raise the expectations we have of ourselves. I hope to honor his accomplishments by building on them,” said Weiberg.