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 group to appreciate the unimaginable alternatives forward for our sport,” Monahan mentioned. “We will be taught a lot from the world of sport and leisure, and I’m excited to satisfy candidates for this vital new position.”
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.
The brand new CEO can be tasked with rising the industrial facet of the enterprise, significantly after PGA Tour Enterprises obtained an preliminary funding of $1.5 billion from the Strategic Sports activities Group, with the potential for one other $1.5 billion later.
The personnel adjustments come at a essential time for the Tour, which is reportedly nearing a take care of the Saudi Public Funding Fund that will assist reunify the sport.
“This can be a sign that we’re heading in the right direction,” mentioned Andy Weitz, the Tour’s chief advertising and communications officer. “That is one other instance of creating certain we have now the correct folks in the correct 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.”
