PGA Tour including new CEO function, commissioner Jay Monahan declares

PGA Tour commissioner Jay Monahan introduced Tuesday that the group is launching a seek for a brand new CEO.

Monahan delivered the information in an end-of-year message to followers that was posted on the Tour’s social-media channels.

“We’re bringing new views onto our crew to understand the unbelievable alternatives forward for our sport,” Monahan stated. “We are able to study a lot from the world of sport and leisure, and I’m excited to fulfill candidates for this vital new function.”

Monahan will stay commissioner and serve on the board of each the PGA Tour and the Tour’s new for-profit arm, PGA Tour Enterprises. He might be a part of the search committee led by Arthur Clean (board director of PGA Tour Enterprises), with board chairman Joe Gorder, board director Sam Kennedy, and participant administrators Tiger Woods and Adam Scott additionally serving on the committee.

The brand new CEO can be tasked with rising the business facet of the enterprise, significantly after PGA Tour Enterprises acquired an preliminary funding of $1.5 billion from the Strategic Sports activities Group, with the potential of one other $1.5 billion later.

The personnel modifications come at a essential time for the Tour, which is reportedly nearing a cope with the Saudi Public Funding Fund that will assist reunify the sport.

“This can be a sign that we’re heading in the right direction,” stated Andy Weitz, the Tour’s chief advertising and communications officer. “That is one other instance of constructing certain we’ve the proper individuals in the proper roles. To return collectively and actually create some thrilling experiences for followers in 2025 and past.”

Weitz added that the Tour will share extra information on the Tour-PIF entrance “hopefully within the new yr.”