Adam Aron stepped down as 76ers CEO on Monday and was replaced by former Madison Square Garden Sports president Scott O’Neil.

Aron will remain on the team’s board of directors and said he has increased his ownership stake in the franchise. Aron was part of the group that bought the franchise in 2011.

Led by majority owner Josh Harris and Aron, the new ownership group attempted to win back fans with slashed ticket prices, confetti cannons and other fan-friendly promotions, such as reconnecting with past stars.

Aron tells The Associated Press it was his decision to step aside as he pursues another business interest.

“It’s a move of my making,” he said. “I wasn’t pushed, shoved or asked to go.”

O’Neil, a Villanova graduate, will officially take over July 16. He helped stabilize the New York Knicks after Isiah Thomas left the franchise. He worked as senior vice president for team marketing and business operations for the NBA from 2004 to 2008.

O’Neil was named MSG president in July 2008 and resigned last September. He oversaw the business operations of the Knicks, New York Rangers, and New York Liberty. He also has local ties from his job as vice president of sales with the Philadelphia Eagles. He started his career as a marketing assistant for the New Jersey Nets.