John McCarthy won the Turing Award in 1971 [1]. Two students whose PhD he supervised went on to win Turing Awards:
What other Turing Award winners supervised the PhD theses of other Turing Award winners?
Consulting with the Mathematics Genealogy Project, I was able to find the following thesis advisor relationships:
Robert Floyd (1978) advised Ron Rivest (2002) and Robert Tarjan (1986)
Marvin Minsky (1969) advised Manuel Blum (1995) who subsequently advised Shafi Goldwasser (2012), Silvio Micali (2012), and Len Adleman (2002)
Herb Simon (1975) advised Ed Feigenbaum (1994) who subsequently co-advised Niklaus Wirth (1984)