PHILADELPHIA (CBS) — The Philadelphia 76ers have named Bryan Colangelo as the team’s new President of Basketball Operations.

Sixers Managing General Partner Josh Harris made the announcement during a press conference Sunday at the Wells Fargo Center.

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Colangelo most recently served as President and General Manager of the Toronto Raptors from 2006 to 2013. In his first full season at the helm of the Raptors (2006-07), the team saw a 20-win improvement from the previous year and tied a then franchise-high with 47 wins. Colangelo was named 2007 NBA Executive of the Year.

One of only three executives to win the award with two different franchises, Colangelo was also named NBA Executive of the Year in 2005 with the Phoenix Suns. After Colangelo’s offseason acquisition of point guard Steve Nash, who would go on to win back-to-back NBA Most Valuable Player awards in 2005 and 2006, the Suns notched a 62-20 regular season record and an appearance in the Western Conference Finals.

During his tenure with Toronto, Colangelo drafted current Raptors DeMar DeRozan (ninth overall, 2009), Jonas Valanciunas (fifth overall, 2011) and Terrence Ross (eighth overall, 2012). During the 2012 offseason, Colangelo dealt for point guard Kyle Lowry, who would be named an NBA All-Star in 2015 and 2016.

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Over the span of 15 years with the Suns organization, Colangelo drafted NBA All-Stars Michael Finley (21st overall, 1995), Steve Nash (15th overall, 1996), Shawn Marion (ninth overall, 1999) and Amar’e Stoudemire (ninth overall, 2002).

All told, his teams have appeared in the NBA Playoffs 11 times and have captured four division championships in his 18 seasons as a general manager.

Colangelo effectively takes over for Sam Hinkie, who resigned as GM of the Sixers on Wednesday.

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As part of the transition, Jerry Colangelo will relinquish the role of Chairman of Basketball Operations and remains as a special advisor to Harris.