PGA Tour Bolsters Policy Board with two Industry Leaders
The PGA Tour has strengthened its leadership by appointing two seasoned buisness professionals to its Policy Board: Mike Corbat,former CEO of Citigroup,and Bill rhodes,executive chairman of AutoZone.
Corbat and Rhodes join an independent board aiming to guide the Tour’s strategic direction, financial stability, and corporate governance. They bring extensive experience in finance, leadership, and corporate strategy, promising fresh perspectives to the board.
“As the PGA tour continues to evolve, our partnership with our players and commitment to fans remains unwavering,” said Joe Gorder, Chairman of the Board.“Mike and Bill will play critical roles in helping us further modernize Tour governance, while preserving the player-led focus that has helped define our institution as 1968.”
The appointments come nearly nine months after former independent directors Jimmy Dunne and Mark Flaherty stepped down. The Tour’s Policy Board consists of six player directors and five independent directors, tasked with overseeing the Tour’s business operations and ensuring its long-term success.
Corbat, a veteran of the financial services industry, served as CEO of Citigroup for nine years prior to his retirement in 2021.He currently holds a senior advisor and board member position at 26North Partners.
Rhodes joined AutoZone in 1994 and became CEO in 2005 at the young age of 39, making him the youngest Fortune 500 CEO at the time. He led the company for 18 years before transitioning to his current role as executive chairman.
What notable accomplishment in Bill Rhodes’ career highlights his rapid rise through the corporate ranks?
Frequently Asked Questions About the PGA Tour’s New Policy Board Members
Who have recently joined the PGA Tour’s Policy Board?
Mike Corbat, former CEO of Citigroup, and Bill Rhodes, executive chairman of AutoZone, were recently appointed.
What role will the newcomers play on the board?
Both corbat and Rhodes are expected to provide insights in finance, leadership, and corporate strategy. They’ll contribute to the Tour’s strategic direction, financial stability, and corporate governance.
Is there a unique characteristic about either Corbat’s or Rhodes’s professional history?
Rhodes was considered the youngest Fortune 500 CEO in 2005 at the remarkable age of 39, showcasing his remarkable career trajectory!
These appointments bolster the PGA Tour’s leadership and signal an ongoing commitment to modernization and responsible governance. To learn more, visit PGA Tour’s official website.
